New Partnership Accelerates Sustainable Fashion Solutions
Danville, VA (March 10, 2025) – Circ, a pioneering US-based company in textile-to-textile recycling, has successfully closed a $25 million oversubscribed funding round. The investment was led by Taranis through its Carbon Ventures fund, with continued support from key strategic investors, including Inditex, one of the world’s largest fashion retailers, and Avery Dennison, a leader in materials science and digital identification solutions. This funding builds on Circ’s significant technical and commercial advancements over the past 18 months and supports its mission to revolutionize textile recycling at an industrial scale, turning fashion waste into a circular solution.
Circ is the only company that has demonstrated the ability to fully recycle polycotton blends, successfully recovering both fiber fractions for reuse in textiles. The company has already collaborated with major brands, including Zara, Mara Hoffman, United Arrows, and Christian Siriano, showcasing its cutting-edge recycling technology.
As Circ prepares to launch its first industrial-scale blended textile recycling plant, this partnership brings more than just financial backing. Taranis, owned by the Perenco Group, will provide invaluable expertise in developing and operating large-scale industrial projects. With its extensive experience in engineering complex, high-volume processes, Taranis will play a crucial role in commercializing Circ’s technology globally.
“Scaling textile recycling to an industrial level requires world-class engineering, operations, and investment from mission-aligned partners,” said Peter Majeranowski, CEO of Circ. “Taranis brings exactly that. Their industrial expertise, combined with our innovation, will accelerate the transition to a circular fashion economy.”
Taranis, a company dedicated to sustainable industrial solutions, views Circ’s recycling model as a key step toward reducing the environmental impact of global supply chains. In addition to financial investment, Taranis is providing direct technical validation of Circ’s recycling processes to expedite the transition from demonstration-scale to full-scale production.
“Circ has developed a breakthrough solution for circularity in fashion, and our industrial expertise will help take it to the next level,” said Emmanuel Colombel, CEO of Taranis. “Our goal is to support scalable, pragmatic technologies that reduce waste and emissions. Circ’s vision aligns perfectly with this mission, and we are excited to be part of their journey.”
The continued support from industry leaders Inditex and Avery Dennison further validates Circ’s progress and reinforces its momentum toward making textile circularity the new industry standard.
With this latest investment and strategic partnership, Circ is one step closer to transforming the global fashion industry into a truly sustainable, circular system.