Circ
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 8.8m | 8.8m | 3.9m | 3.9m | 6.6m |
% growth | - | - | (55 %) | - | 70 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.7m | Grant | ||
* | N/A | $4.2m | Early VC |
$8.0m | Series A | ||
N/A | $2.0m | Debt | |
* | $30.0m | Series B | |
* | $25.0m Valuation: $150m | Series B | |
N/A | Late VC | ||
* | N/A | Late VC | |
Total Funding | €63.6m |
Recent News about Circ
EditCirc is a pioneering company in the textile recycling industry, dedicated to transforming used clothing back into raw materials. Operating in the sustainable fashion market, Circ serves environmentally-conscious fashion brands and manufacturers looking to reduce their ecological footprint. The company's business model revolves around its proprietary technology, which breaks down textiles into their original fibers, enabling the creation of new garments from recycled materials. This process not only reduces waste but also conserves resources, making it a key player in the circular fashion economy. Circ generates revenue through partnerships with fashion brands and manufacturers who utilize its recycling technology to produce sustainable clothing lines. The company also collaborates with venture funds like Alante Capital and industry leaders through 8090 Partners to accelerate its growth and innovation.
Keywords: textile recycling, sustainable fashion, circular economy, raw materials, proprietary technology, eco-friendly, fashion brands, resource conservation, innovation, partnerships.