Circ Raises Over $30 Million, Expanding the Potential to Recycle Clothing and Eliminate Clothing Waste

by MR Magazine Staff

The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms. The investment will help to drive new progress for Circ as they fulfill their mission of protecting the planet from the cost of clothing. The round was led by the Bill Gates-founded Breakthrough Energy Ventures (BEV) with additional investment from new partners, including one of the world’s largest fashion retailers Inditex, global diversified manufacturer and leader in American textiles Milliken & Company, and international investment groups Lansdowne Partners and Temasek. Previous investors joining Circ’s latest round of funding include 8090 Partners, Alante Capital, Card Sound Capital, Circulate Capital, Envisioning Partners, and Marubeni. Read more at Yahoo!Finance.