What is Circulor?
Founded in 2018, Circulor provides a sophisticated Traceability-as-a-Service platform designed to bring visibility to complex global supply chains. By leveraging advanced digital tracking, the company enables manufacturers to verify the provenance of raw materials, underpin effective recycling initiatives, and accurately attribute CO2 footprints to material flows. This capability is essential for organizations aiming to meet stringent UN Sustainability Goals and regulatory requirements regarding environmental, social, and governance (ESG) performance. By providing granular data on material origins, Circulor empowers firms to mitigate risks associated with unethical sourcing while simultaneously optimizing their carbon accounting processes.
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 Future Positive Capital, BHP Ventures, Salesforce Ventures, and The Westly Group
Series B (2022): $25M led by HG Ventures, Volvo, JAGUAR LAND ROVER, and The Westly Group
Key Investors in Circulor
Future Positive Capital
A European venture capital firm based in Paris that invests in early-stage companies leveraging science and technology to address global challenges, with a specific focus on climate adaptation and sustainable energy.
HG Ventures
The corporate venture arm of The Heritage Group, HG Ventures partners with high-growth companies to support a sustainable future by leveraging deep industrial expertise and research capabilities.
JAGUAR LAND ROVER
A British multinational automotive manufacturer focused on luxury vehicles, currently undergoing a massive electrification strategy that necessitates deep supply chain visibility and sustainable material sourcing.
What's next for Circulor?
With the infusion of $25M, Circulor is well-positioned to expand its footprint within the automotive and industrial sectors, where the pressure to demonstrate sustainable practices is at an all-time high. The strategic focus will likely shift toward scaling its software infrastructure to accommodate larger enterprise clients and deepening its integration with existing manufacturing ERP systems. As global regulations regarding supply chain due diligence tighten, Circulor's ability to provide immutable, data-driven insights will be critical for companies seeking to maintain market access and operational compliance. The company is expected to leverage its recent strategic partnerships to further refine its impact metrics, ensuring that manufacturers can transition toward a circular economy with verifiable, real-time data.
See full Circulor company page
