NEW YORK – US technology business Circ has raised US$25m in Series B extension funding. The company’s technology breaks down polymers used in cotton and polyester clothing and separates the individual fibres to be reused in new clothing. German online fashion retailer Zalando, packaging company Avery Dennison, and Korean manufacturing corporation Youngone participated in the all-equity extension round. Existing investors 8090 Industries, Circulate Capital, Vodia Capital and City Light Capital also reupped in the round, which did not grant any additional board seats.
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