Padua-based cleantech company Circular Materials, which focuses on recovering critical and strategic raw materials from industrial wastewater, has secured €11.8 million in Simple Agreement for Future Equity (SAFE) financing, as Vestbee was told.
- Founded in 2019 by Marco Bersani, Circular Materials develops technology to recover valuable metals from industrial wastewater streams.
- Its proprietary Supercritical Water Precipitation (SWaP™) technology can recover more than 99% of dissolved metals while reducing the generation of hazardous sludge.
- The company’s platform serves industries including metal surface treatment, electroplating, battery recycling, and chemical manufacturing, converting wastewater into secondary raw materials that can be reintegrated into industrial supply chains.
"Europe faces a dual challenge of securing access to critical raw materials while reducing the environmental impact of industrial processes. 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," explains Marco Bersani, CEO of Circular Materials.
Details of the deal
- The round was backed by CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites, and Lumar S.r.l., with the transaction supported by independent law firm BonelliErede.
- The funding will help Circular Materials move from industrial validation to broader commercial deployment by supporting the development of its next Circular Materials Hub in Ferrara, scaling its SWaP™ technology, and expanding operational capabilities.
