Circular Materials secures €11.8M to scale critical raw material recovery technology

Italian cleantech company Circular Materials , which develops technology to recover critical and strategic raw materials from industrial wastewater, has secured €11.8 million in Simple Agreement for Future Equity (SAFE) financing. The round was backed by CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites and Lumar S.r.l. Founded in 2019, Circular Materials has developed a proprietary process that treats industrial wastewater containing dissolved me