Netherland-based Circularise is a technology company dedicated to transforming global supply chains through transparency, traceability, and sustainability. The company offers a blockchain-based platform that enables businesses to track, trace, and authenticate materials and products throughout the entire lifecycle from sourcing to disposal. The platform also enables the visibility of certifications, Co2 footprint, and impact assessment across supply chains.
The company's solutions include a bookkeeping tool to automate mass balance bookkeeping. The solution enables its users to manage mass balance material receival and transfer on one platform.
The company’s solutions are targeted at various supply chain actors including suppliers, converters, and brands and OEMs in the automotive, aviation, batteries, biofuels, construction, electronics, metals, and plastics industries.
Key customers and partnerships
As of October 2023, the company served clients such as Asahi Kasei, Covestro, Domo Chemicals, Marubeni, Mitsubishi Chemicals, Neste, Philips Domestic Appliances, and Porsche.
In February 2022, the company partnered with BEC GmbH, Grundfos, Minviro, and the global Rare Earth Industry Association (REIA) to build a blockchain-based circular system that would improve transparency and sustainability of supply chains that involve critical and rare earth materials. In October 2023, the company partnered GoodFuels, FincoEnergies’ sustainable fuels brand, to deploy its software to enable the traceability of the biofuels supply chain by digitizing the biofuels record management process.
Funding and financials
In November 2022, the company raised EUR 11 million (USD 11.4 million) in a Series A funding round led by Brightlands Venture Partners. The funds are intended to be used to advance its mission to transition industrial supply chains from a linear to a circular economy through traceability and transparency.
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