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 metals and
recovers valuable secondary raw materials for reuse in industrial supply
chains.
Its Supercritical Water Precipitation (SWaP™) technology is designed to
recover more than 99 per cent of dissolved metals from complex wastewater
streams while reducing the generation of hazardous sludge.
As European industries face growing demand for critical raw
materials and more resilient supply chains, the company’s technology aims to
transform industrial wastewater into a domestic source of valuable materials.
Marco Bersani, CEO of Circular Materials, said:
Wastewater
is not simply waste, but a highly valuable and often untapped resource. Our
focus remains on building the infrastructure needed to recover valuable
materials, support industrial competitiveness, and contribute to more circular
supply chains.
The funding will support the company’s next phase of growth as it
moves from industrial validation to broader commercial deployment.
The capital will be used to develop its next Circular Materials
Hub in Ferrara, strengthen operational capabilities and continue scaling its
proprietary SWaP™ technology. The Ferrara facility is expected to significantly
expand treatment capacity and serve as the foundation for future recovery hubs
across Europe’s industrial regions.