Zurich – Circunis has secured funding to set up an online marketplace where surplus food and side streams can be traded. Following the Migros Pioneer Fund, the Seedling Foundation has now also pledged its support until 2026.
Circunis has gained another funding partner. The Seedling Foundation, which focuses on the sustainability of the food sector, will co-finance the project to prevent food waste until 2026. The Migros Pioneer Fund was already on board. According to a Circunis press release, this means that full financing is now in place for the project's start-up phase.
Circunis is building a B2B online marketplace that keeps surplus food in the processing cycle, according to the Seedling Foundation's project page. Companies can offer their surplus produce there and save on storage and disposal costs. However, they can also demand goods and thus make their supply chain more sustainable. Circunis supports the participating companies in the development and processes.
At the end of the funding period, the Circunis project should be self-supporting. The project managers are deliberately approaching the construction period with funding rather than investors: "We want to subordinate the DNA and impact of the project to the principle of profitability, but not to the principle of return on investment," the press release states. "We are very pleased and happy that with these two funding partners, we have two organizations on board that work with us in such an impact-oriented, appreciative and equal manner." ce/mm