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.
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