Loop Circular is SIF-Social Innovation Fund’s the new investment.
An investment of 375,000€, in partnership with the Bem Comum Fund, which raises its market valuation to 1.5 million euros.
After the success of the Book in Loop platform, which allowed the reuse of school textbooks, Circular Loop now extends its activity to reusing childcare products, with the Baby Loop project.
For Marco Fernandes, CEO of PME Investimentos, the managing entity of SIF, “it is with great satisfaction that we see this impact investment that combines circular economy, sharing platforms construction and a qualified and experienced young team. We also believe that this may be a test of a business model later applicable to many more products in the future.”
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