Danville, Virginia-headquartered textile-to-textile recycler Circ has closed its latest $25 million investment round led by London-headquartered Taranis through its Carbon Ventures fund, with continued support from existing strategic investors, including Avery Dennison and Inditex.

The fund builds on Circ’s major technical and commercial progress over the past 18 months and will help fuel the company’s push to scale its recycling technology, which is able to recycle polycotton blends and recover both fractions, as demonstrated in successful public collaborations with Zara, Mara Hoffman, United Arrows, Chrisitan Siriano and more.

In addition to capital, Taranis, owned by the Anglo-French oil and gas company Perenco Group, will contribute deep expertise in developing and operating large industrial projects. The experience of engineering complex, high-volume processes will be invaluable in commercialising Circ’s technology globally.

“This chapter of Circ’s journey – scaling textile recycling to an industrial level – requires us to build on our proven technology with world-class engineering, operations and strategic investment from mission-aligned partners,” says Circ CEO Peter Majeranowski. “Taranis brings exactly that.”

Taranis is providing direct technical validation of Circ’s processes to accelerate the transition from demonstration to industrial scale.

“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,” says Emmanuel Colombel, CEO of Taranis. “Our goal is to support scalable, pragmatic technologies that reduce waste and emissions and Circ’s vision aligns perfectly with that.”

www.circ.earth