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Circleg raises CHF 1.5 million in convertible loan funding to expand operations
Waste Recovery & Management Tech
Jun 28, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Jun 28, 2024

Circleg raises CHF 1.5 million in convertible loan funding to expand operations

Funding

  • 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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