- Circularise secured €11M in Series A funding led by Brightlands Venture Partners.
- The funding will be used to scale operations, product development, and R&D.
- Circularise's solutions focus on blockchain-based digital product passports and mass balance bookkeeping.
- The company aims to support the shift to a circular economy in industries like chemicals, plastics, and metals.
Funding and Purpose
Circularise, a provider of digital product passports and mass balance bookkeeping software, has secured €11 million in Series A funding. The investment, led by Brightlands Venture Partners and joined by Asahi Kasei, Neste, and 4impact capital, will be used to advance Circularise's mission of promoting a circular economy in industrial supply chains.
Technological Solutions
Circularise's blockchain-based digital product passports enable customers to improve resource use, verify provenance, and conduct carbon footprint assessments across complex supply chains, including chemicals, plastics, metals, automotive, electronics, packaging, and construction. The company also recently launched MassBalancer, a solution for mass balance bookkeeping to support the transition from fossil feedstocks to sustainable alternatives in the plastic and chemicals industry.
Company Background
Founded in 2016 by Mesbah Sabur and Jordi de Vos at Delft University of Technology, Circularise has grown to 40 employees and expanded into international markets such as Japan. The company has joined the Catena-X collaborative ecosystem to enhance secure data exchange in the automotive industry and partnered with multinational companies including Asahi Kasei, Covestro, Domo Chemicals, Marubeni, Mitsubishi Chemicals, Neste, LyondellBasell, Philips Domestic Appliances, Porsche, and Trinseo.
Unique Approach
Circularise differentiates itself by allowing suppliers to share sensitive data, such as material composition and environmental footprint, without compromising privacy and confidentiality. This is achieved through its patent-pending Smart Questioning technology. Additionally, Circularise uses a public blockchain, which offers a higher level of data verification and trust while maintaining data privacy and reducing energy consumption.
Investor Perspectives
Investors like Brightlands Venture Partners and Neste emphasize the importance of Circularise's solutions in bringing transparency to complex supply chains and accelerating the transition to a circular economy. The completion of the investment is subject to customary closing conditions.
