Series B28 June 2022

Circulor raises £20m in Series B funding led by The Westly Group to expand globally

The Westly Group led the Series B round, which will fund international expansion, particularly in North America.

£20.0MSeries B

Circulor provides software solutions for tracking materials and managing supply chain visibility. The company helps organisations monitor environmental and human rights impacts across manufacturing and recycling operations.

Circulor has secured £20m in Series B funding to expand its international presence, focusing in particular on the North American market. The investment was led by The Westly Group, with participation from new backer HG Ventures alongside several existing supporters. This follows a period of rapid client acquisition for the supply chain transparency firm across various heavy industries.

The business has developed proprietary technology designed to trace raw materials, greenhouse gas emissions and environmental data throughout complex industrial networks. Major industrial players already utilise the platform to verify sustainable sourcing and support circular economic models. Management intends to deploy the fresh capital to scale operations globally as demand for verifiable ESG data intensifies.

From the founder

"We are thrilled to have the support of strong financial and strategic investors. Supply chains are at an inflection point—digital transparency with Circulor can empower companies to track their materials through every step of their supply chains, mitigating risks and ensuring societal stewardship,"

Douglas Johnson-Poensgen

Founder and CEO at Circulor

Investor perspective

"In times of growing supply chain uncertainty, Circulor’s technology helps provide visibility and ESG analytics into complex supply chains to help companies make better business decisions,"