Sustainable fashion firm Circ closes $25m funding round led by investment and asset management company Taranis

Textile-to-textile recycling specialist, Circ, has closed its latest ($25 million) investment round led by Taranis through its Carbon Ventures fund, with continued support from existing strategic investors, including fashion retailer Inditex, and Avery Dennison, a materials science and digital identification solutions company.

This takes the total raised to date to over $100 million.

“This chapter of our 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,” says Peter Majeranowski, CEO at 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 focused on sustainable industrial solutions, sees Circ’s model as a key step in reducing the environmental impact of global supply chains. Beyond financial investment, it 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,” says Emmanuel Colombel, CEO at 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 it in its journey toward a more circular and responsible fashion industry.”

2025 RTIH INNOVATION AWARDS

Green retail will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which will open for entries in March, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.