The Hague-based Circularise, a blockchain platform focused on supply chain transparency and traceability, has secured a strategic pre-Series B investment from Tokyo’s Teijin Group. The funding amount, however, remains undisclosed.
Ton de Weijer, General Manager of the Environment Solution Division at Teijin, says, “As a leading company in high-performance materials, we at Teijin are actively increasing our efforts to become more circular.”
“The investment in Circularise will enable us to cooperate with leaders in the field of traceability and to create an environment that will support us in setting the right steps forward.”
The Dutch company’s pre-Series B round comes after its last Series A funding in 2022.
Capital utilisation
The partnership with Teijin Group will strengthen Circularise’s efforts to improve transparency and sustainability in global supply chains.
The funds will enable Circularise’s expansion into high-performance materials and industrial markets while positioning the company for its anticipated Series B round.
Jordi de Vos, co-founder of Circularise, says, “We believe that, together with Teijin, we can set a benchmark for industry-leading examples of the circular economy, delivering scalable and rapid solutions to the market.”
“We are honoured to welcome Teijin Group as a strategic investor. This collaboration reflects our shared vision for a transparent, traceable, and sustainable supply chain. We look forward to this collaboration to further propel our mission and strengthen our market presence,” adds de Vos.
A strategic partnership!
Founded in 2016 by Mesbah Sabur and Jordi de Vos, Circularise is a product traceability platform, specialising in supply chain compliance and sustainability. It helps companies prepare for audits, meet regulatory requirements like ESPR, and achieve certification standards such as ISCC EU and ISCC PLUS.
The platform enables end-to-end product traceability, supports digital product passports, and ensures secure data management and sharing, all while protecting sensitive information through its patented technology.
The Teijin Group has partnered with Circularise to enhance supply chain transparency and support the transition to a circular economy.
Committed to achieving net-zero carbon emissions by 2050, Teijin aims to reduce energy consumption and adopt renewable energy and recycling systems.
With its Series B funding round on the horizon, Circularise says its partnership with Teijin Group provides a foundation for innovation and growth. This collaboration will also further Circularise’s mission of enhancing transparency, traceability, and sustainability in global supply chains.
Brief about the Teijin Group
Japan-based Teijin is a global tech-driven group specialising in high-performance materials and healthcare solutions. Founded in 1918, it operates across 170 companies with 20,000 employees.
Guided by its purpose, “Pioneering solutions together for a healthy planet”, Teijin aims to support the society of the future. In the fiscal year ending March 2024, the group reported consolidated sales of $6.6B and total assets of $8.0B.
01
From port to startup fort: How Lars Crama is ‘Making it Happen’ in Rotterdam