Led · Equity · Apr 2026

Wiliot’s platform combines battery-free Bluetooth Low Energy sensors called IoT Pixels with the Wiliot Cloud, using purpose-built AI and ML models to deliver continuous item-level location and condition data. The company processes billions of sensing events across millions of products every month and integrates with existing enterprise systems to enable real-time condition monitoring, inventory intelligence, and workflow automation. Wiliot positions its offering to reduce waste, mitigate loss, and optimize supply-chain workflows, and counts leading global retailers and logistics companies among its customers. The Avery Dennison strategic investment and preferred manufacturing partnership aim to scale inlay design and production and accelerate commercial adoption across key industries. Wiliot frames the capital as enabling expanded joint go-to-market efforts and the operational scale required to meet accelerating demand. The company emphasizes that its data is AI-ready and designed to drive ROI today while scaling into more advanced AI use cases.

Participated · Series B · Mar 2023

Circ is a Danville, Virginia-based textile recycler that has developed patented technology to recycle global fashion waste back into textiles. The company says its process reduces the need for petroleum, trees, and other materials used to manufacture clothes. Its technology is currently used by Patagonia, Marubeni, and Fashion For Good. Circ aims to recycle 10 billion garments, representing 10% of the global apparel market, which it says will save more than 100 million trees. The company will use new funding to expand its manufacturing efforts and packaging partnerships. Circ is led by CEO Peter Majeranowski. Circ develops a proprietary chemical recycling process that extracts raw materials from discarded cotton and polyester, including cotton‑polyester blends. Its process uses subcritical water heated to 105–190°C at elevated pressure (40–300 psi) with a chemical catalyst such as sodium hydroxide to break polymer bonds and produce cellulose or terephthalic acid (TPA). Circ's patents state the method can use fewer chemical catalysts, making it cheaper and less environmentally taxing than some alternatives. The company began as a biofuels business processing tobacco waste but pivoted to textiles after industry demand. Circ says the new funding will help secure suppliers and purchasers as it scales, with the aim of making recycled garments accessible to everyday shoppers. Financially, the company previously raised $8 million in a round led by Tin Shed Ventures and has announced a $30 million Series B led by Breakthrough Energy Ventures. Circ has developed a chemical/hydrothermal process that can separate and recover both polyester and cotton from polyester–cotton blends while keeping fiber integrity intact. Founders Peter Majeranowski and Conor Hartman adapted the approach from earlier biofuels work (the company traces roots to Tyton BioScience) and have spent roughly a decade refining the technology. The process can handle small amounts of spandex (typically under 5 percent) and yields high-quality cotton cellulose that the team says can replace tree pulp for cellulosic fibers. Circ plans to introduce textiles made with its recycled fibers later this year, working with contract manufacturers and a facility in Danville, VA. The company raised $8 million from Patagonia, Marubeni, Alante Capital and Card Sound Capital to put the technology to work. Circ aims to scale impact—targeting recycling 10 billion garments by 2030—and positions its solution as one of several chemical-recycling approaches needed to address global textile waste and microplastics challenges.

Participated · Series C · Nov 2022

Founded in 2019 by Simon Mellin, Modern Milkman began as a local milk round and has grown into a nationwide grocery delivery operation focused on reducing single-use packaging. Its app automates routing and order processing, enabling deliveries of milk, groceries, and breakfast items up to three times per week in reusable glass bottles and returnable containers. The company sources produce from independent British suppliers and operates a closed-loop supply chain to minimize waste. Modern Milkman now serves more than 100,000 households across the UK and entered the U.S. market in January 2024 via a strategic acquisition. Customer demand for sustainable alternatives underpins the firm’s expansion strategy, and new funds will be directed toward integrating additional doorstep services to boost convenience. To date, Modern Milkman has raised more than £60 million in funding to scale its logistics platform and product offering.

Participated · Series D · Feb 2022

Gauzy Ltd. focuses on research, development, manufacturing, and marketing of vision and light-control technologies, including smart glass and ADAS solutions. The company positions its products to support safe, sustainable, comfortable, and agile user experiences across multiple industries. Gauzy serves leading brands in over 50 countries through direct fulfillment and a certified and trained distribution channel. It is headquartered in Tel Aviv and maintains subsidiaries and entities in Germany, France, the United States, Canada, China, and Dubai. The article describes Gauzy as a world leader in smart glass and ADAS technologies. Gauzy develops and manufactures vision and light-control technologies—applying nanotechnologies like polymer dispersed liquid crystals and microscopic light-absorbing particles in films or directly on glass and polycarbonate. Its technologies enable modulation of transparency, opacity and translucency, and can help manage temperature to reduce energy costs. The company serves customers in construction, automotive, and aeronautics, and positions itself across R&D, design, production and final delivery. Gauzy also markets award-winning ADAS products, including next-generation camera-based smart mirrors, motion sensors, and optimized safety gates to improve visibility and blind-spot management. The company emphasizes sustainability, safety, comfort and wellbeing in its product applications. The article notes Gauzy is in a Series D funding round and received an initial investment from Hamilton Global Opportunities. Gauzy develops and manufactures suspended‑particle device (SPD) light‑control film and related enabling hardware (branded LCG®/SPD‑Smart) used to instantaneously change window tinting and create display functionality. Its products are sold through a distribution channel of over 70 certified industrial partners and direct fulfillment, and the company reports approximately $50 million in 2021 revenues. The combined Gauzy/Vision Systems entity holds over 60 patents, 20 product categories, five manufacturing sites, 14 global offices and about 480 employees. Key production assets include a material synthesis facility in Israel and an 11,000 sqm SPD production site near Stuttgart, Germany with capacity to produce 1,000,000 sqm of SPD material yearly. Gauzy’s customers and integrations include automotive OEMs, aircraft and marine OEMs, LG Display, Avery Dennison, BMW and others, and the technology has been used in tens of thousands of vehicles. Going forward Gauzy plans to expand architectural and mobility deployments, integrate Vision Systems’ electronics and control systems capabilities, and add greater intelligence to control systems and ADAS/APAS offerings. Gauzy develops and manufactures two commercial active light-control technologies—SPD (suspended particle device) and LC (liquid crystal)—which are embedded into LCG (Light Control Glass) for dynamic, user-controlled light control. The company operates a material synthesis facility in Israel and a custom SPD production line in Stuttgart, Germany, producing SPD emulsion and light-control film for automotive, aircraft, and architectural industries. Gauzy’s German production site is set within an 11,000 sqm property and is dedicated to producing 1,000,000 sqm of SPD material yearly. The company reports a global distribution network of over 60 certified partners and sales, marketing, and distribution sites in multiple US cities and China. Gauzy positions SPD as providing up to 99.5% light blocking for shading while maintaining view, and highlights reduced costs and shortened delivery times from its production techniques. The company plans to use advances in product development and high-volume production to expand serial implementation of LCG technologies by industrial players.

Led · Series C · Sep 2020

RoadRunner Recycling is a Pittsburgh, PA-based sustainable waste management company that provides customized and sustainable materials management solutions supported by proprietary technology. Led by CEO and founder Graham Rihn, the company serves thousands of commercial businesses across more than 20 industries. It leverages its technology and expertise to boost cost savings, improve recycling rates, streamline waste operations, and deliver customer experience. The company intends to use the funds to accelerate growth of its core business, expand its enterprise offering, and double down on its investment in technology. In January 2022 RoadRunner closed a $70 million Series D, and in October it acquired Compology, a waste and recycling smart metering technology company. The business has expanded into eight new U.S. markets, opened a second office in Phoenix, and grown headcount to nearly 600 employees. RoadRunner Recycling is a Pittsburgh, PA-based sustainable waste management company that provides customized materials management solutions supported by a technology platform. Its platform uses machine-learning to predict material volumes by industry and recommend efficient containers to organize waste and recycling streams. The company serves thousands of commercial businesses across more than 20 industries and operates in 40+ U.S. cities. RoadRunner’s solutions create customized plans to streamline waste and recycling operations, improve recycling rates, make sustainability goals measurable, and reduce costs while improving service. The company raised a $70M Series D to further develop its machine-learning and marketplace technology and grow its enterprise business offering. Total funding to date after the round is $129.5M. RoadRunner Recycling offers end-to-end waste and recycling management services powered by proprietary technology and AI/machine-learning to improve waste-stream management for commercial customers. The company serves more than 6,000 customers across over 20 industries and has helped divert approximately 130,000 tons of waste from landfill. RoadRunner reports increasing recycling rates by 10x the average and has saved customers more than $20 million on recurring waste and recycling costs. It plans to use new funding to expand into at least 10 new U.S. markets, further develop its AI/ML technology, and grow internal teams. Founded in 2014, the company emphasizes partnerships with customers and strategic investors to advance sustainability goals. RoadRunner Recycling, founded in 2014 in Pittsburgh, is a technology platform built for commercial recycling that combines proprietary data, marketplace dynamics and AI/ML to improve waste stream management. The company serves thousands of commercial businesses across more than 20 industries with custom recycling and waste solutions engineered to boost cost savings and recycling rates. RoadRunner reports surpassing 5,000 customers, facilitating 40,000 recycling routes, saving customers $20 million, and diverting more than 100,000 tons of recyclables from landfill. On average a single customer location working with RoadRunner increases recycling rates by 10x and recycles 8.6 tons annually that had been sent to landfills. The company plans to use new capital to double its team, further invest in AI/ML technology, continue U.S. expansion in current markets, and launch in up to 10 new markets including Austin, Phoenix and San Diego.