Circleg, a Zurich-based prosthesis manufacturer, has raised CHF 1.5 million (~USD 1.66 million) in the form of a convertible loan from a mix of strategic angel investors and impact-oriented funds.
The funds will be utilized to enlarge Circleg's market footprint and operations in new territories aligning with the company's recent progression into the commercial phase in December.
Circleg, founded in 2018, is a social enterprise that produces prosthetic systems designed from repurposed plastic waste. The product originated from a bachelor's thesis at the Zurich University of the Arts. Through a B2B model, Circleg deals with hospitals, retailers, NGOs, and prosthetic and orthotic centers, distributing the prosthetics to those in need.
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