Cirplus raises 3.3 million euros

The Hamburg-based company offers a marketplace for plastics, and now Cirplus has once again convinced investors. The money also comes from abroad.

Founded in 2018, the start-up Cirplus has completed a seed financing round and raised 3.3 million euros. Investors are the accelerator program Entrepreneur First from London, for the second time the Karlsruhe-based investor First Momentum Ventures and the venture capitalist Nucleus Capital, which focuses on sustainable investments. In addition, VNV & Pale Blue Dot from Sweden and MyClimateJourney from North America are also participating.

Cirplus plans to use the money to expand its team and further develop its product. Founded by Christian Schiller and Volkan Bilici, the startup has established a digital marketplace for recycled plastic where recyclers, disposers and plastic processing companies can find each other.

"My team and I are very grateful to have such experienced investors and entrepreneurs supporting us in our mission to bring plastic waste into a true circular economy," says Schiller. He continues, "The road is still long and difficult, but we are now well equipped."

Today, Cirplus, based in Hamburg, has 18 employees and a good 1,000 users worldwide.