Circularity Capital

Circularity Capital LLP is a private equity firm based in Edinburgh, United Kingdom, specializing in investments in growth-stage small and medium-sized enterprises (SMEs) within the circular economy. The firm focuses on businesses that emphasize maintenance, repair, refurbishment, remanufacturing, and product-as-a-service models, particularly those leveraging software and technology to enhance asset productivity. Established in 2014, Circularity Capital aims to support its investee companies in decoupling their growth from resource constraints while enhancing resource productivity and gaining a competitive edge. The firm typically invests between £1 million and £5 million and has a strong network and expertise in the circular economy, allowing it to identify and secure unique investment opportunities. Its investor base includes financial institutions, global corporations, and family offices, reflecting its commitment to combining specialized knowledge in the circular economy with quality private equity experience.

Anders Brejner

Executive

Jamie Butterworth

Partner & Head of Investor Relations and Member of Circularity's Investment Committee

Andrew Eadie

Member of the Investment Team at Circularity Capital

David Mowat

Partner & Investment Committee Member

Ian Nolan

Co-Founding Partner and Chair of Investment Committee

Andrew Shannon

Partner & Investments Committee Member

Arjune Shukla

Member of the Investment Team at Circularity Capital

13 past transactions

Bike Club

Series B in 2022
Bike Club is a service that provides a subscription model for children's bicycles, allowing parents to rent bikes that are appropriately sized for their growing children. The platform emphasizes the importance of children learning to ride on the right-sized bicycles to enhance their cycling experience. It offers a range of bike types, including balance bikes, hybrid/off-road bikes, road bikes, BMX, and mountain bikes, which can be exchanged as children outgrow them. This hire-exchange solution is designed to ensure that children have access to safe and suitable bicycles throughout their development, promoting both the acquisition of cycling skills and a love for biking.

rebike1 GmbH

Venture Round in 2022
rebike1 purchases new E-Bikes from Top manufactures and brands like Winora/Haibike, Husqvarna, Flyer, KTM, Orbea. After renting the E-Bikes to businesses and consumers, the fully refurbished E-Bikes are sold with a 2 yr. warranty on rebike1. rebike1 also purchases used stock of E-Bikes from rental stations and retailers and sell them fully refurbished to consumers. In Oberstdorf, a Top tourist location south of Munich, rebike1 operates the largest E-Bike rental station in the area. Under the brand ebike1verleih, the rental business is expanding within tourist areas in partnership with local bike-shops. rebike1 GmbH was founded 2018 and has 18 employees today.

Cocogreen

Private Equity Round in 2022
Cocogreen (UK) Ltd develops, manufactures, and supplies specialty ready-to-use coir substrates for edible crops. It offers substrates for strawberry, blueberry, and raspberry; tomato, pepper, and eggplant; and citrus product crops. The company was incorporated in 2010 and is based in Manchester, United Kingdom.

P2i

Private Equity Round in 2021
P2i is the world leader in liquid repellent nano-coating technology. The company’s revolutionary plasma process reduces the surface energy of a material so that when liquids come into contact with it, they form beads and simply roll off. P2i’s customers can improve the performance of their products by protecting them from the effects of water and other liquids without affecting their look or feel. P2i’s plasma processing machines have been sold into the textile, consumer electronics, filtration, and bioconsumables markets.

Grover

Series B in 2021
Grover Group GmbH is a Berlin-based company that operates an online platform allowing customers to rent consumer electronic products through a monthly subscription model. Founded in 2015, Grover offers a diverse range of over 1,500 products across various categories, including smartphones, laptops, wearables, cameras, gaming equipment, home entertainment systems, and smart home devices. This approach enables both private customers and businesses to access the latest technology without the financial burden of ownership, promoting flexibility and convenience in the consumer electronics market. With additional offices in Austria and the Netherlands, Grover is committed to enhancing the access economy by providing a simple and efficient rental service.

Grover

Series B in 2021
Grover Group GmbH is a Berlin-based company that operates an online platform allowing customers to rent consumer electronic products through a monthly subscription model. Founded in 2015, Grover offers a diverse range of over 1,500 products across various categories, including smartphones, laptops, wearables, cameras, gaming equipment, home entertainment systems, and smart home devices. This approach enables both private customers and businesses to access the latest technology without the financial burden of ownership, promoting flexibility and convenience in the consumer electronics market. With additional offices in Austria and the Netherlands, Grover is committed to enhancing the access economy by providing a simple and efficient rental service.

Shark Solutions

Venture Round in 2020
Shark Solutions ApS, based in Roskilde, Denmark, specializes in the development and sale of recycling solutions for various types of glass, including flat, safety, and building glass, as well as windshields. Founded in 2005, the company operates PVB recycling factories in Europe and is expanding to the United States. It recycles post-consumer laminated PVB (PolyVinyl Butyral) from industrial waste, producing PVB for applications across multiple industries. Shark Solutions also provides mobile glass separation systems designed for efficient recycling of windshields and laminated glass. In addition to glass recycling, the company is exploring technology applications in gypsum board and solar panel recycling. Shark Solutions markets its products through a network of dealers and professional partners, positioning itself as a leader in the cleantech sector.

Winnow

Series B in 2019
Winnow Solutions Ltd. is a London-based company that specializes in providing systems to measure and reduce food waste in the food service industry, including restaurants. Founded in 2013, Winnow develops artificial intelligence tools designed to assist chefs in optimizing kitchen operations, thereby increasing profitability and sustainability. The company’s digital solutions provide valuable data that helps improve production processes and minimize the environmental impact associated with food waste. By promoting a movement among chefs and connecting commercial kitchens, Winnow aims to inspire others in the industry to adopt more sustainable practices.

Grover

Series A in 2019
Grover Group GmbH is a Berlin-based company that operates an online platform allowing customers to rent consumer electronic products through a monthly subscription model. Founded in 2015, Grover offers a diverse range of over 1,500 products across various categories, including smartphones, laptops, wearables, cameras, gaming equipment, home entertainment systems, and smart home devices. This approach enables both private customers and businesses to access the latest technology without the financial burden of ownership, promoting flexibility and convenience in the consumer electronics market. With additional offices in Austria and the Netherlands, Grover is committed to enhancing the access economy by providing a simple and efficient rental service.

ZigZag Global

Series A in 2019
ZigZag Global Ltd is a London-based software platform established in 2014 that assists retailers in managing and reselling returned products through a Software-as-a-Service (SaaS) model. The company provides a comprehensive returns portal that enables e-commerce customers to easily return items via various methods, including post, lockers, or couriers, from over 300,000 locations. ZigZag specializes in grading returned products and offers services such as consolidation, refurbishment, local redistribution, recycling, and destruction, all aimed at reintegrating goods into the supply chain efficiently. Its extensive network includes over 200 local warehouses across 130 countries, facilitating quick refunds, often within 24 hours. The platform streamlines the returns process, allowing retailers to track returns effectively and manage them cost-efficiently. ZigZag's innovative approach has garnered several awards, highlighting its contributions to sustainability and retail innovation.

Grover

Series A in 2018
Grover Group GmbH is a Berlin-based company that operates an online platform allowing customers to rent consumer electronic products through a monthly subscription model. Founded in 2015, Grover offers a diverse range of over 1,500 products across various categories, including smartphones, laptops, wearables, cameras, gaming equipment, home entertainment systems, and smart home devices. This approach enables both private customers and businesses to access the latest technology without the financial burden of ownership, promoting flexibility and convenience in the consumer electronics market. With additional offices in Austria and the Netherlands, Grover is committed to enhancing the access economy by providing a simple and efficient rental service.

Winnow

Series A in 2017
Winnow Solutions Ltd. is a London-based company that specializes in providing systems to measure and reduce food waste in the food service industry, including restaurants. Founded in 2013, Winnow develops artificial intelligence tools designed to assist chefs in optimizing kitchen operations, thereby increasing profitability and sustainability. The company’s digital solutions provide valuable data that helps improve production processes and minimize the environmental impact associated with food waste. By promoting a movement among chefs and connecting commercial kitchens, Winnow aims to inspire others in the industry to adopt more sustainable practices.