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DANVILLE - Textile recycling company Circ has closed a US$25 million funding round with support from European online fashion platform Zalando and materials science company Avery Dennison.

Korean manufacturing corporation Youngone is also involved while previous investors participating again include 8090 Industries, Circulate Capital, Vodia Capital, and City Light Capital.

It follows Circ's oversubscribed US$30 million Series B funding round last June when backers included Zara owner Inditex, US textile manufacturer Milliken & Company, and the Bill Gates-founded Breakthrough Energy Ventures (BEV).

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