New Partnership Brings Engineering and Operations Expertise to Fast-Track Circular Fashion Solutions

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Danville, VA (March 10, 2025) — Circ, the US-based pioneer in textile-to-textile recycling, has closed its latest investment round led by Taranis through its Carbon Ventures fund, with continued support from existing strategic investors, including Inditex, one of the world’s largest fashion retailers, and Avery Dennison, a global materials science and digital identification solutions company. This latest funding builds on Circ’s major technical and commercial progress over the past 18 months and helps fuel the company’s push to scale its revolutionary recycling technology, advancing its mission to transform the fashion industry’s waste problem into a circular solution.

Circ is uniquely positioned to transform the industry as the only company with the demonstrated ability to recycle polycotton blends and recover both fractions for textiles, having successful public collaborations with Zara, Mara Hoffman, United Arrows, Chrisitan Siriano, and more.

As Circ moves toward launching its first industrial-scale blended textile recycling plant, this partnership brings more than capital—Taranis, owned by the Perenco Group, will contribute deep expertise in developing and operating large industrial projects. Taranis’s experience engineering complex, high-volume processes will be invaluable in commercializing Circ’s technology globally.

“This chapter of Circ’s journey—scaling textile recycling to an industrial level—requires that we build on our proven technology with world-class engineering, operations, and strategic investment from mission-aligned partners,” said Peter Majeranowski, CEO of Circ. “Taranis brings exactly that. Their industrial expertise, paired with our innovation, positions Circ to accelerate the transition to a circular fashion economy.”

Taranis, an investment and asset management company dedicated to sustainable industrial solutions, sees Circ’s model as a key step in reducing the environmental impact of global supply chains. Beyond financial investment, Taranis is providing direct technical validation of Circ’s processes to accelerate the transition from demonstration-scale to industrial-scale production.

“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,” 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 that mission, and we’re excited to support Circ in its journey toward a more circular and responsible fashion industry.”

Circ’s continued backing from Inditex and Avery Dennison—two of the leaders of the fashion industry —further validates the company’s progress and momentum.

With this latest investment and strategic partnership, Circ is moving closer to making circularity the industry standard.

About Circ

Circ is on a mission to power the clean closet with patented technology that recycles global fashion waste back into textiles. Circ is building a truly circular economy for the fashion industry. To ease the way for recycled fibers, Circ operates Circ-Ready, a select community of global supply-chain partners with a demonstrated ability to utilize Circ materials. Headquartered in Danville, Virginia, a former epicenter of textile production in the United States, Circ is a 2023 Earthshot Prize Finalist, 2024 Fast Company Most Innovative Company, and a Certified B Corporation revitalizing the future of material technology and manufacturing. To learn more about Circ, visit www.circ.earth.

About Taranis

Taranis is an investment and asset management company owned by the Perenco Group. With sustainable development at its core, Taranis operates through distinct funds. These include Taranis Carbon Ventures, its fund focused on investing in breakthrough technologies that accelerate the transition to a sustainable, low-carbon future. With a strong track record of backing innovative companies, Taranis seeks to partner with visionary entrepreneurs and support their efforts in scaling technologies to address the world’s most pressing environmental challenges.