The circular economy in Europe continues to enjoy it’s time in the spotlight, and with good reason. According to the European Commision, the Circular Economy has the possibility to create 700,000 jobs and increase GDP by 0.5% in the EU by 2030.
Of course, it’s an opportunity that entrepreneurs have seized across Europe and on a global scale. Why? Well, fundamentally it makes business sense. As well as the fact that circular economy is expected to generate a net economic benefit of €1.8 trillion by 2030, it also combats the systemic issue that “future consumption and production patterns are so monumental that they cannot be managed in the way we organise these patterns today”.
In recent years we’ve witnessed the impressive and rapid growth of a few circular economy giants who have become household names on the startup scene. Startups such as Grover, the rentable technology platform, and Too Good to Go, a food waste reduction startup who have raised a total of €342 million and €37.5 million respectively.
In this article however, we’ll be taking a look at some of the younger, upcoming circular economy based startups set to follow in their footsteps. So without further ado, here are our 10 promising circular economy startups that we’ll be watching in 2021 beyond, who were all founded in the last few years, have fast-growing teams and innovative solutions.
Young Planet – UK-based startup Young Planet has recently raised €586K through what it’s calling an ‘Equity for Parents’ crowdfunding campaign. The startup offers parents a cashless platform to request a range of children’s toys and equipment like clothes and books. Founded in 2019, the startup is based on giving and receiving and aims to address the inherent waste, product obsolescence and cost of raising children as well as to help declutter modern homes and keep things out of landfill.
Traceless – Traceless is a female founded, circular bio-economy startup. Although the startup was recently founded in 2020, it already relies on a strong, purpose-aligned team with the expertise and experience to commercialize their innovative process and bring their novel materials to market. Through innovative, patent pending technology they’re transforming industrial residues into new materials, ready to replace plastics in a wide range of single-use applications.
Blaine Box – Barcelona-based startup Blaine Box is an artificial flower subscription service looking to revolutionise the floral sector. Currently made up of 9 employees, this young startup is growing quickly. Founded in 2019, it has recently received €300K to continue it’s mission to democratize access to flowers to all kinds of businesses. The round was led by Succesfull Ventures, and had participation by other strategic investors, such as the CEO of Aquaservice, Alma Ventures, and the Family Office Boyser, among others.
GreenBig – French startup GreenBig is a specialised in the development of innovative solutions dedicated to the Circular Economy. They invent new, digital products that respond to modern lifestyles and encourage customers to get involved in making a positive environmental impact. Founded in 2017, the startup is now a growing team of 14 and has launched it’s first solution b:bot which is helping users to recycle plastic.
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
