What is TrueCircle?
TrueCircle is a company dedicated to combating the pervasive issue of plastic pollution and its contribution to the climate crisis. Recognizing that a substantial portion of greenhouse gas emissions stems from the production of new virgin materials, TrueCircle aims to eliminate these emissions by promoting circular economy principles. The company's underlying motivation is to mitigate the environmental impact of plastic waste, which currently sees only 9% of all produced plastics recycled, leading to widespread pollution and accelerating climate change.
How much funding has TrueCircle raised?
TrueCircle has raised a total of $5.5M across 1 funding round:
Other Financing Round
$5.5M
Other Financing Round (2022): $5.5M with participation from Firstminute Capital, Lowercarbon Capital, Giant Ventures, and Passion Capital
Key Investors in TrueCircle
Firstminute Capital
Firstminute Capital is a seed investment fund that supports early-stage founders in Europe and the US, focusing on sectors like Artificial Intelligence, FinTech, HealthTech, and SaaS. They aim to be the first institutional check for ambitious entrepreneurs, providing capital, community, and strategic support.
Lowercarbon Capital
Lowercarbon Capital backs companies focused on slashing CO2 emissions, removing carbon from the atmosphere, and developing solutions to mitigate climate change. They invest in innovative ventures that offer tangible environmental benefits.
Passion Capital
Passion Capital is a partnership of entrepreneurs and operators dedicated to supporting outstanding European founders in building technology companies, particularly in AI, FinTech, and Risk. They invest early in startups, focusing on founders with a compelling vision and promoting a collaborative, tech-first ecosystem.
What's next for TrueCircle?
With this major strategic investment, TrueCircle is poised to scale its operations and further its mission to reduce emissions associated with virgin material production. The enterprise-level funding suggests a focus on expanding infrastructure, enhancing technological capabilities, and forging broader partnerships to achieve its ambitious environmental goals. This capital infusion will likely accelerate the company's growth trajectory, enabling it to make a more significant impact on global recycling targets and the fight against climate change.
See full TrueCircle company page
