Sustainable Fashion Firm Circ Closes New Funding from Taranis

Sustainable Fashion Firm Circ Closes New Funding from Taranis

Taranis sees Circ’s model as a key step in reducing the environmental impact of global supply chains.

Textile-to-textile recycling specialist, Circ, has closed its latest ($25 million) investment round led by Taranis through its Carbon Ventures fund, with continued support from existing strategic investors, including fashion retailer Inditex, and Avery Dennison, a materials science and digital identification solutions company.

This takes the total raised to date to over $100 million.

“This chapter of our journey – scaling textile recycling to an industrial level – requires that we build on our proven technology with world class engineering, operations, and strategic investment from mission-aligned partners,” said Peter Majeranowski, CEO at Circ. “Taranis brings exactly that. Their industrial expertise, paired with our innovation, positions Circ to accelerate the transition to a circular fashion economy.”

Taranis, an investment and asset management company focused on sustainable industrial solutions, sees Circ’s model as a key step in reducing the environmental impact of global supply chains. Beyond financial investment, it is providing direct technical validation of Circ’s processes to accelerate the transition from demonstration scale to industrial scale production.

“Circ has developed and demonstrated a breakthrough solution for circularity in fashion, and we believe our industrial expertise can help take it to the next level,” said Emmanuel Colombel, CEO at Taranis. “Our goal is to support scalable, pragmatic technologies that reduce waste and emissions. Circ’s vision aligns perfectly with that mission, and we’re excited to support it in its journey toward a more circular and responsible fashion industry.”

ALSO READ: PropellerAds Reveals Social Traffic Targeting for Increased Conversion Rates