All Updates

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Funding
Circ raises undisclosed amount in venture funding to scale production
Waste Recovery & Management Tech
May 29, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

May 29, 2024

Circ raises undisclosed amount in venture funding to scale production

Funding

  • Circ, a Virginia-based startup that recycles textile waste, has secured an undisclosed amount of venture funding from Drive Catalyst, the venture capital arm of Far Eastern Group.

  • The funds will speed up Circ's polyester production from recycled polycotton textile waste while leveraging Far Eastern Group’s manufacturing expertise.

  • Analyst QuickTake: In February 2024 , Circ partnered with material innovator Pyratex to develop circular fabrics. Circ's technology can separate polycotton-blended textile waste and recover synthetic and cellulosic fibers. The company’s brand collaborations include  Mara Hoffman , Vivobarefoot , and Zara .

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