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Recycling startup Cirplus receives millions in funding

Recycling startup Cirplus receives millions in funding

02/09/24, 9:03 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/DE.svghamburg
Industry
information technology
Investors
Wepa Ventures, Igus
Recycling startup Cirplus has received a seven-figure amount in a financing round led by Igus, a leading manufacturer of energy chain systems and plain bearings made of high-performance plastics, with involvement from venture capital company Wepa Ventures. The funding will be used to further expand into other countries and to optimize the procurement of recycled plastics to reduce processes and costs for companies.

Company Info

Company
Cirplus
Location
hamburg, hamburg, germany
Additional Info
Cirplus is Europe's largest digital procurement platform for circular plastics. The Hamburg-based company already brings together more than 3,000 plastics converters, product manufacturers, recyclers and waste management companies from over 100 countries. The aim is to create reliable, cost-effective and scalable supply chains for high quality recycled plastics using digital technologies to reduce - and ideally eliminate - plastic in the environment. Cirplus is also the initiator of DIN SPEC 91446 - the world's first standard for high quality plastics recycling and digitisation. The company has received several awards for its commitment to greater digitalisation, standardisation and sustainability in the plastics market, including the GreenTech Award 2022 and the German Standardisation Award 2022 in the categories of Innovation and Sustainability. Founder and CEO Christian Schiller has also been appointed as one of 20 members of the German government's expert council to support the development of the National Circular Economy Strategy (NKWS) in the field of plastics.
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RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

https://purecatamphetamine.github.io/country-flag-icons/3x2/DE.svghamburg
$54.8 M-93.2%