# Circular Exchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/circular-exchange

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.circular.co
- Total disclosed funding: $5.1M
- Latest round: Seed (Jun 16, 2022)
- Investors on record: 1

## About

Based in California, US, and founded by Ian Arthurs (CEO) in 2021, Circular Exchange, Inc. operates as a software-as-a-service (SaaS) company offering a platform where users can buy and sell post-consumer recycled materials. Some of the firm’s clinets include IKEA, MANIV Mobility, Danone, Oxygea, Touchdown Ventures, ECLIPSE, etc. In March 2024, the firm raised USD 10.5 million in venture funding led by investor Eclipse Ventures, with participation from other investors Oxygea and Maniv Mobility.

The company is dedicated to simplifying sustainable sourcing in the recycled plastics industry through data-driven digital tools. Circular offers a full-stack sourcing platform that streamlines the process of finding the right recycled plastics materials at competitive prices. The company’s platform connects buyers with a global network of over 9,000 recycled plastic suppliers. Also, by leveraging advanced AI technology, Circular's platform provides insights into PCR markets, facilitates supplier vetting, and offers custom digital quotes as well as measure sustainability progress concerning post-consumer recycled materials. This enables buyers to negotiate contracts more efficiently, saving time and costs while optimizing their supply chain for sustainability.

The company plans to utilize the March 2024 funding to hire additional staff, expand to additional sustainable materials, establish more companies and suppliers, and enhance the scale and functionality of its platform.

## Funding rounds

- Seed, Jun 16, 2022, $5.1M — Eclipse Ventures

## Investors

- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Seed