Teijin Group invests in Circularise, supports supply chain traceability
Pre-Series B investment aids in Circularise’s journey to enhance transparency and sustainability within global high-performance material supply chains.
A blockchain is a decentralized digital system that allows parties to record information in a secure and verifiable way. For supply chains in particular, it makes it possible for stakeholders in various stages to describe the materials or products they deliver, without the risk of any sensitive IP becoming public. Source | Circularise
Circularise B.V. (The Hague, Netherlands), a blockchain-based platform for supply chain transparency and traceability, announce a strategic pre-Series B investment by Teijin Group (Tokyo, Japan). Following the company’s successful Series A funding round in 2022, the investment positions Teijin Group as a significant partner in Circularise’s expansion into high-performance materials and broader industrial markets while preparing the groundwork for an anticipated Series B round.
“We believe that, together with Teijin, we can set a benchmark for examples of the circular economy, delivering scalable and rapid solutions to the market,” says Jordi de Vos, co-founder of Circularise. “We are honored 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.”
The materials and manufacturing industries are facing a pivotal moment as they adapt to new and updated EU regulations like the Ecodesign for Sustainable Products Regulation (ESPR), the Corporate Sustainability Reporting Directive (CSRD) and the enhanced Extended Producer Responsibility (EPR) directive. Such regulations emphasize the need for increased traceability and sustainability in supply chain practices.
“As a company in high-performance materials, we at Teijin are actively increasing our efforts to become more circular,” adds Ton de Weijer, general manager of the Environment Solution Division at Teijin. “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 Teijin Group is committed to reducing its consolidated energy consumption and adopting more renewable energy and recycling systems. The company aims to reduce its group-wide in-house carbon emissions to net zero by 2050.
Circularise’s traceability solutions, which include blockchain-powered digital product passports, are said to help companies comply with evolving sustainability standards and consumer expectations.
For related content, read “Asahi Kasei joins investment in supply chain traceability, transparency system.”
