Circular11 banked €2.7 million in equity funding to scale its technology for converting low-grade plastic waste into durable building materials. The round was led by Vectr7 Investment Partners, with The FSE Group co-leading via a €728,100 investment from the South West Investment Fund. Additional participation came from the Oxford Innovation Network, The FSE Investor Network, and private investors, alongside a grant from InnovateUK.
The Dorset-based company manufactures composite lumber for use in fencing, furniture, and landscaping. While traditional recycling requires high-purity plastic separation, Circular11 employs proprietary manufacturing lines and machine learning algorithms that adapt to the chemical variations found in low-quality waste streams. This allows the firm to process plastics that would otherwise be destined for landfill or incineration.
Founded in 2021, the startup operates a full-scale recycling and manufacturing facility in Dorset. The new capital will be used to bring its manufacturing technology to market more broadly, with a target of recycling 10,000 tonnes of plastic over the next two years. The company also uses a digital operating system to track the carbon footprint and waste origin of every product manufactured.
As supply constraints for traditional timber intensify, Circular11 represents the growing wave of European climate tech firms focused on circular construction materials to decarbonise the built environment.
Originally reported by EU-Startups Daily.