Circ, a leading US-based innovator in textile-to-textile recycling, has successfully closed an oversubscribed $25 million funding round, led by Taranis through its Carbon Ventures fund. This round also saw continued support from key strategic investors, including Inditex, one of the world’s largest fashion retailers, and Avery Dennison, a global leader in materials science and digital identification solutions.
This funding will help accelerate Circ’s technical and commercial growth following significant progress over the past 18 months. The company plans to scale its groundbreaking recycling technology and address the fashion industry’s waste problem by promoting circular solutions.
Circ is the only company that has demonstrated the ability to recycle polycotton blends and recover both cotton and polyester fractions for use in textiles. The company has already completed successful collaborations with top brands such as Zara, Mara Hoffman, United Arrows, Christian Siriano, and more.
With the launch of its first industrial-scale blended textile recycling plant on the horizon, Circ’s partnership with Taranis goes beyond just funding. Taranis, owned by the Perenco Group, brings invaluable expertise in developing and operating large-scale industrial projects. Their experience in engineering high-volume processes will be instrumental in accelerating Circ’s global expansion and the commercialization of its technology.
“This stage of Circ’s journey—scaling textile recycling to an industrial level—requires world-class engineering, operational expertise, and strategic investment from partners who share our mission,” said Peter Majeranowski, CEO of Circ. “Taranis offers exactly that. Their industrial knowledge, combined with our innovative approach, will help accelerate the shift toward a circular fashion economy.”
Taranis, an investment and asset management firm focused on sustainable industrial solutions, sees Circ as a key player in reducing the environmental impact of global supply chains. In addition to financial investment, Taranis is also validating Circ’s technology to facilitate the transition from demonstration-scale to industrial-scale production.
“Circ has developed a breakthrough solution for circularity in fashion, and we believe our industrial expertise will help take it to the next level,” said Emmanuel Colombel, CEO of Taranis. “Our goal is to support scalable, pragmatic technologies that minimize waste and emissions. Circ’s vision aligns perfectly with that mission, and we are excited to contribute to their journey toward a more circular and responsible fashion industry.”
With continued backing from Inditex and Avery Dennison—two of the most influential players in the fashion industry—Circ’s momentum is validated as it continues to drive towards making circularity the industry standard.
This latest funding and strategic partnership mark a significant step forward in Circ’s mission to revolutionize the fashion industry and create sustainable, circular solutions for the future.
