Amsterdam-based Circular Industries, the project developers of the Urban Mining Factory – Printed Circuit Boards (‘UMF-PCB’), announced that it has secured €2M in an early-stage round of funding.
Circular Industries (CI) is advancing the UMF-PCB project, emphasising circularity and geopolitical independence. CI aims to maximise the recovery of Critical Raw Materials from discarded printed circuit boards, promoting sustainability and securing resources for the future.
Additionally, this initiative reduces the European Union’s dependence on external suppliers, enhancing geopolitical independence and fortifying supply chains amidst global challenges.
CI was founded in 2014 by Niels Wagemaker and Martin van Zanten and is led by current CEO Jan Hoenselaar.