Further investment in next-gen start-ups from Inditex
For the second time in a week a next-generation materials start-up has announced the successful completion of a new funding round.
Virginia-based developer of textile recycling technology Circ has raised funding worth €25 million. This news comes only days after London-based start-up Epoch Biodesign raised more than $18 million in new funding.
In both cases, clothing group Inditex was one of the companies that participated in the funding. Inditex has been investing in Circ since 2022. In this round, other notable groups to invest in Circ included the parent group of Polartec, Milliken, and Bill Gates’s Breakthrough Energy Ventures.