Circularity invests in ZigZag

The investment round, for which the value remains undisclosed, is the third deal made by Circularity Capital. The GP is currently investing from its maiden fund, which held a £60m final close in January 2019 and invests £1-5m in companies across Europe.

The funding round is intended to accelerate the international roll-out of ZigZag's software to retailers.

As part of the deal, Circularity partner Ian Nolan will take a seat on the ZigZag board of directors.

Company
London-headquartered ZigZag was founded in 2015. The business develops e-commerce software designed to increase efficiency in the management of the return, repackaging and resale of products. It is intended to simplify the returns process and decrease the volume of goods that are sent to landfill. According to a statement, it also reduces the number of parcel journeys by 65% via the identification of opportunities for the repackaging and redistribution of products within the country of delivery.

People
Circularity Capital – Ian Nolan, Andrew Shannon (partners).
ZigZag – Al Gerrie (founder).

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