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December 14, 2021

Closed Loop Ventures receives more than $50 in funding round

The fund will be used to promote circular economy solutions for plastics, packaging and other sectors.

Closed Loop Ventures, the venture capital group of Closed Loop Partners, has secured an investment of more than $50m in its second funding round.

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The company said that Closed Loop Venture Fund II had been driven by the ‘success’ of its predecessor, Fund I.

The fund will be used to expand circular economy solutions across several sectors such as plastics, packaging and supply chain technology.

Both funds are focused on investing in sustainable, profitable solutions that can help industries move towards waste-free circular systems.

Closed Loop Ventures’ investors include companies such as Microsoft, GS Group and Autodesk Foundation, as well as single and multi-family offices from across the US, Asia and Israel.

Closed Loop Ventures managing director Danielle Joseph said: “The successful raise of Closed Loop Partners’ second venture fund signals the increasing understanding that circular supply chains represent the future of industry and materials.

“We are seeing more founders building businesses in the circular economy and a growing need for early-stage capital.

“We look forward to collaborating with the broader venture capital community, fostering transparency and open insight sharing to advance breakthrough innovations.”

Closed Loop Venture Fund II has so far invested in Partsimony’s software-as-a-service (SaaS) network, which allows designers to manufacture products using sustainable materials.

The fund also holds stakes in collaborative traceability platform ucrop.it and Swiss chemical company dimpora.

Closed Loop Venture Fund I has invested in a circular platform owned by Chile-based company Algramo, which has developed a reuse system that can convert household products into ‘smart’ reusable packaging.

Algramo is currently testing its reuse system in New York City, having already conducted trials with Walmart, Unilever and other leading brands around the world.

Last month, Closed Loop Partners’ Centre for the Circular Economy began a multi-year collaboration with PepsiCo and the NextGen Consortium to increase compostable packaging recovery rates in the US.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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