TechFlow news — UK-based startup Circulor announced on Tuesday it has raised $25 million in a Series B funding round led by Westly Group, with participation from the venture investment arms of Volvo Cars, Jaguar Land Rover (JLR), and BHP Group. Over the past two years, Circulor has raised a total of $45 million.
The newly raised capital will support expansion efforts, primarily in the U.S. market. Using blockchain technology, Circulor is partnering with companies such as Volvo, JLR, BHP, and TotalEnergies to track supply chains as they pursue environmental, social, and governance (ESG) goals.
Circulor CEO Douglas Johnson-Poensgen said the company plans to go public "at the appropriate time." (Reuters)
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