Cirplus, a procurement platform for recycled plastics, has secured a seven-figure financing. The main investors include igus GmbH, a leading manufacturer of energy chain systems and plain bearings made from lubrication-free and low-wear high-performance plastics, and the venture capital firm WEPA Ventures. Cirplus intends to use the capital to further develop its platform and expand internationally.
Cirplus is already available worldwide
Cirplus offers a comprehensive digital procurement solution for recycled plastics in order to reduce the transaction costs for the use of recyclates on a global scale respectively to secure them in the long term. To this end, the startup aggregates and qualifies manufacturers and traders of recycled pellets and regrind and offers the buyer side uncomplicated access to volumes in fragmented markets. The B2B platform is already used by more than 3,000 companies in the plastics and recycling industry from over 100 countries.
Cirplus is also the initiator of DIN SPEC 91446, the world's first standard for high-quality plastics recycling and digitalisation, and the successor standard DIN SPEC 91484. The Hamburg-based company has received several awards for its combination of digitalisation, standardisation and sustainability in the plastics market, including the ZukunftHandel Award 2023 and the German Standardisation Award 2022. Founder and Managing Director Christian Schiller was also appointed as one of 20 experts on the German government's Expert Council for the development of the National Circular Economy Strategy for Plastics.
