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circulor.com

Founded Year

2017

Stage

Series B | Alive

Total Raised

$39.13M

Last Raised

$25M | 3 days ago

About Circulor

Circulor applies blockchain technology and AI to clients' supply chains in order to assess the ethics and sustainability of sourced minerals. Circulor traces minerals from the mine to the manufacturer. The company was founded in 2017 and is based in London England.

Circulor Headquarter Location

Aircraft Factory 2.2 100 Cambridge Grove

London, England, W6 0LE,

United Kingdom

+44 02038580555

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Research containing Circulor

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Circulor in 2 CB Insights research briefs, most recently on May 5, 2022.

Expert Collections containing Circulor

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Circulor is included in 3 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,294 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

B

Blockchain

4,232 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

A

Artificial Intelligence

9,051 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Latest Circulor News

UK green supply chain startup Circulor raises $25mln for US expansion

Jun 28, 2022

Circulor, a British start-up specialised in blockchain being used at the Gatumba mine, is pictured on a smartphone in Ngororero district, Western Rwanda October 17, 2018. REUTERS/Clement Uwiringiyimana LONDON (Reuters) - UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States. The Series B funding round brings Circulor's fundraising over the last two years to $45 million. The funding round was led by early Tesla investor Westly Group and included investments from the venture capital arms of Volvo Cars, Jaguar Land Rover (JLR) and BHP Group, the world's largest listed miner. Westly Group founder Steve Westly told Reuters that Circulor is "very much like Tesla," a pioneer in electric vehicles (EVs)that is the world's largest carmaker by market capitalisation. "The market is going that direction in an extraordinarily rapid way... and Circulor is by far the leader in this sector," he said. Circulor is working with carmakers including Volvo, Tata Motors unit JLR, plus miners and energy companies BHP and TotalEnergies, to trace their supply chains as they pursue environmental, social and corporate governance (ESG) goals. BHP has used Circulor's blockchain platform to track the carbon emissions of nickel from the point when it was mined to Tesla's "gigafactory" in Shanghai. Circulor CEO Douglas Johnson-Poensgen said demand for supply chain visibility has grown in response to regulatory pressure from the U.S. Securities and Exchange Commission (SEC). Global supply chain disruptions have given manufacturers further reason to seek scrutiny over every stage of a component's journey. "U.S. industry is increasingly interested in not just origin, but also demonstrating ESG performance because the SEC has made clear that the greenwashing and war of glossy brochures isn't good enough," Johnson-Poensgen told Reuters. The U.S. government has also pushed for domestic EV battery production, which Johnson-Poensgen said will intensify the need for better supply chain mapping. "Clearly the global arms race for battery materials is going to spread to the U.S. pretty quick," he said. "The one thing I think most folks can agree on is whatever the reason for supply chain visibility, it is now mission critical." Johnson-Poensgen added that Circulor plans an initial public offering "in due course". Article type: free

Circulor Web Traffic

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  • When was Circulor founded?

    Circulor was founded in 2017.

  • Where is Circulor's headquarters?

    Circulor's headquarters is located at Aircraft Factory 2.2, London.

  • What is Circulor's latest funding round?

    Circulor's latest funding round is Series B.

  • How much did Circulor raise?

    Circulor raised a total of $39.13M.

  • Who are the investors of Circulor?

    Investors of Circulor include Westly Group, Volvo Cars Tech Fund, Jaguar Land Rover, BHP Billiton, 24Haymarket and 14 more.

  • Who are Circulor's competitors?

    Competitors of Circulor include Circularise.

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