What is Circulor?
Founded in 2018, Circulor operates at the intersection of technology and sustainability, offering a platform that provides critical visibility into complex supply chains. Its Traceability-as-a-Service solution empowers manufacturers to address UN Sustainability Goals by offering granular insights into material flows, responsible sourcing practices, and environmental impact metrics, including CO2 footprints. This capability is crucial for industries striving for greater transparency and accountability in their operations.
How much funding has Circulor raised?
Circulor has raised a total of $39M across 2 funding rounds:
Series A
$14M
Series B
$25M
Series A (2021): $14M with participation from BHP Ventures, Salesforce Ventures, Future Positive Capital, and The Westly Group
Series B (2022): $25M led by Volvo, JAGUAR LAND ROVER, HG Ventures, and The Westly Group
Key Investors in Circulor
Volvo
Volvo is a global leader in the automotive industry, known for its commitment to safety and sustainability. Their investment in Circulor underscores a strategic focus on enhancing supply chain transparency and responsible sourcing within the automotive sector.
JAGUAR LAND ROVER
Jaguar Land Rover Automotive PLC is a British multinational automobile manufacturer focused on luxury vehicles. Their participation in Circulor's funding round highlights a dedication to improving the traceability and sustainability of materials used in their high-end automotive production.
HG Ventures
HG Ventures is the corporate venture arm of The Heritage Group, focusing on investments that support innovation and growth for a sustainable future. Their backing of Circulor aligns with a strategy to invest in companies driving environmental responsibility and advanced material tracking.
What's next for Circulor?
With its recent major strategic investment, Circulor is poised for accelerated growth and market expansion. The substantial capital infusion is expected to fuel further development of its Traceability-as-a-Service platform, enhance its market reach, and strengthen its position as a leader in sustainable supply chain verification. This strategic backing signals strong confidence in Circulor's mission to drive transparency and sustainability across global material flows, supporting manufacturers in their journey towards net-zero and circular economy objectives.
See full Circulor company page
