Circulor Gains $14M in Funding Round

Last Updated: June 12, 2021

Circulor, a sustainable supply chain company for technology, raised $14 million in their first funding round, and will use these funds to develop their platform further, as well as being able to expand into
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Circulor Gains $14M in Funding Round
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Circulor, a sustainable supply chain company for technology, raised $14 million in their first funding round, and will use these funds to develop their platform further, as well as being able to expand into Asia and North America.

The round was led by The Westly Group. Sky Ocean Ventures and BHP Ventures also were involved. Circulor uses business logic technology, machine learning and blockchain to track carbon output and supply chain data in each step of the production process.

The company also assist companies in creating sourcing that is more responsible, as well as improving their overall sustainability.

Douglas Johnson-Poensgen

CEO Douglas Johnson-Poensgen said, “We are on a mission to make the world’s most complex industrial supply chains more transparent. Traceability-as-a-Service is fast becoming a requirement for the world’s leading brands and this funding will help us accelerate our impact and revenue growth.”

Investors in the company include Volvo and Plug and Play.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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