Circ, the pioneering textile-to-textile recycler, has raised US $25 million in a funding round led by asset management and investment group Taranis. The new capital injection will accelerate Circ’s shift from demonstration-scale operations to industrial-scale production, marking a significant step in commercialising its innovative recycling technology.
Alongside Taranis, which invested through its Carbon Ventures fund, existing strategic backers Avery Dennison and Inditex, the parent company of Zara, also participated in the funding. Inditex and Circ previously collaborated on a Zara collection in 2023 that featured Circ’s recycled polycotton blended textiles.
Circ plans to build its first large-scale mixed textile recycling facility, leveraging the expertise of its partners to execute the project successfully. This follows significant technological and commercial advancements over the past 18 months.
The latest investment round builds on Circ’s prior fundraising efforts, including US $25 million raised in March 2023, which saw new investors Youngone and Zalando join its mission. A previous Series B round in 2022 secured US $30 million, with Inditex also among the investors.
Despite financial challenges in the textile recycling sector, Circ’s continued ability to attract investment underscores its progress and market momentum.
