Shark Solutions raises funding from Circularity Capital

Terms of the deal were not disclosed. The company has most recently been deploying equity from its Circularity European Growth Fund, which held a final close on £60m in January 2019.

The vehicle typically invests £2-6m for a minority stake in growth-stage companies enabling a circular economy.

Other owners of the company include the management, and PE firm Blue Equity.  

Shark Solutions, which operates from four locations worldwide, will use the proceeds to develop its manufacturing infrastructure across Europe and the US, and to expand its product range into adjacent end markets globally.

According to the company's financial accounts, it generated a net loss of €645,000 in 2019. 

Company
Founded in 2005 and based in Roskilde, Shark Solutions specialises in recycling post-consumer laminated PVB (PolyVinyl Butyral) from windshields and building glass. Its factories turn former waste material into advanced sustainable polymers for industrial companies. 

It also has operations in Pelt in Belgium, and Georgia and California in the US. According to its LinkedIn page, the company employs 51-200 staff.

People
Circularity Capital – Ian Nolan, Andrew Shannon (partners).
Shark Solutions – Jens Holmegaard (founder).

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