Patagonia-backed fashion recycling company has raised $ 30 million

• Recycling and recycling circuits to help the fashion industry eliminate carbon.
• The Patagian-backed organization has raised $ 30 million in series from the Bill Gates Fund and Index.
• We have a unique look to attract investors on the 11th floor slide.

The start-up, which will help the fashion industry significantly reduce its carbon footprint, will return $ 30 million to its original line-up, led by Bill Gates VC and Zara-Own Index.

Launched in 2011, Virginia-based Circ has developed a water thermal thermal process to recover water, pressure and chemistry from clothing materials, especially polycotton compounds. Polycotic compounds are a mixture of cotton and plastic used from bedding and clothing to napkin.

The isolated materials are sold to the supply chain, creating a circular sub-economy that is ready to be processed into another product. The fashion industry was responsible for 4% of global emissions in 2018 – equal to the combined emissions of France, Germany and the United Kingdom, McKinsey said.

Circus CEO Peter Majeranowski was initially interested in alternative fuels when he worked for the US Navy. The task was to repatriate ships carrying oil from Iraq, which was under UN sanctions at the time. The first frequency of circadian rhythms was used to produce ethanol and biodiesel to extract sugar and oils from plants using a similar hydrothermal process called titanium bioscience.

“We were very good at extracting things from plants,” says Majeranovsky. However, the beginner Following the advancement of advanced technology in 2011, he struggled to raise funds.

The circuit puts the cut fabric into the reactor – no pressure cooker – to restore the material. It then adds water, increases the temperature, and triggers three responses by deploying “less responsible chemistry.”

First is the polymerization, which is primarily the reverse reaction of polyester. “We are paying for the building blocks or monuments of the building, and these are typically materials from oil and gas,” Majeranovsky said. Then, when the monomers are liquid, separation occurs.

Majeranowski added: “You have a natural separation. Now the strongest stream is pure cotton. Cotton fibers can be adjusted depending on what the final product is, twisted into cotton or used to create other materials.

The isolated materials are sold to the supply chain to make new items. Circuits are currently being reused four to five tons a day, but it is not always working, says Majeranovsky. A.D. It aims to recycle 10 billion garments by 2030, representing 10% of annual production and saving 100 million trees.

Series B is led by Indatex, the owner of high street fashion brands, including Breakthrough Energy Ventures and Zara. Patagonia, a clothing company known for its durability in DNA, has previously issued a circuit check.

Patagonia is also one of the many partners in the recycling policy circus. Circuits use high-traffic returns, charitable store donations, and old hotel bedding – otherwise it’s for garbage collection.

Majeranovsky added that the circle would start dressing with its partners. “If we don’t have security in every closet around the planet, we will fall as a company,” Majeranowski said.

The investment will be used to increase the 28 strong team to 50, with roles in engineering, research and development and business development. He also completes engineering at a large facility.

The new cash will bring the beginner’s total income to $ 45 million.

Take a look at the company’s 11-slide modified pitch floor used to grow a series bin.