Millions To Combat Plastic Pollution
Leading marketplace and climate-tech investors from across Europe and the USA (VNV Global, Pale Blue Dot, My Climate Journey, Entrepreneur First, Nucleus Capital, First Momentum Ventures) and the seasoned entrepreneurs Nicolas Brusson and Eric Quidenus-Wahlforss have invested 3.3 million Euros in cirplus.
We highly appreciate their trust and support. The investments will help to hire top-tier employees and accelerate product development to boost the circular economy of plastics.
“My team and I are very grateful to have such experienced investors and entrepreneurs supporting us in our mission to bring plastic waste into a true circular economy. The road is still long and difficult, but we are now well-equipped to boost global recycling with the help of our software for a material that is both a curse and ablessing”, says Christian Schiller, co-founder and CEO of cirplus.
cirplus, founded by Christian Schiller and Volkan Bilici, functions as a procurement platform for recycled plastics, connecting recyclers with plastics converters. The converters are able to source recycled materials in extremely fragmented markets. This, in turn, enables them to manufacture new products with a higher proportion of recycled content at scale. cirplus’ goal is to reduce the cost of producing and trading high-quality recyclates and enable them to compete with virgin plastic products.
“COP26 made it very clear that the world needs to accelerate the transition to sustainable business models. cirplus is bringing the power of networks effects to the fragmented markets of plastic recycling and thus tackles one of the largest ecological problems of our time with technology — this is why we are delighted to partner with Christian and his team”, says Per Brilioth, managing director of VNV Global, who is leading this round.
“The problem of plastics is something readily felt by nearly everyone, regardless of where in the world one lives. With the issue eliciting growing attention from both governments and brands, we’re optimistic that cirplus can add unique value in creating an efficient and scalable marketplace that makes a dent in the consumption of single-use plastics”, wrote My Climate Journey.