CircKit & Veo: CircKit, the Circular ToolKit for Fashion & brands. Veo, the sustainable marketplace.
Business overview
Location | Manchester, United Kingdom |
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Social media | |
Website | circkit.com/ |
Sectors | SaaS/PaaS Digital Mixed B2B/B2C |
Company number | 10391504 |
Incorporation date | 23 Sep 2016 |
Investment summary
Business highlights
- Winner of 2 Innovate UK grants for our technology
- Top 5% global B Corp for worker impact
- Combined £4.9m gross sales for the marketplace
- Unique AI Circularity Tech with a $1.5trillion TAM
Key features
Pitch
About the Campaign
In a world drowning in waste, the "buy, wear, discard" model of Fashion is a $1.5 trillion burden. CircKit & Veo are the solution! Our AI platform empowers brands to adopt Circularity (2x Innovate UK winners!), while Veo connects brands with eco-conscious shoppers (UK's largest sustainable lifestyle marketplace).
We understand the market, and we’re closing the loop! By providing brands with the technology & data needed to adopt circular principles, from Design to Production, Sale, and Recycle.
Business Model
Our revenue streams are clear & scalable.
CircKit is MRR subscriptions to access our AI platform, with simple tiered pricing based on features, data insights and Cost-per-API call usage.
On Veo we earn a 30% commission on each sale generated through the marketplace.
Future expansion plans includes diversified revenue streams.
For customer acquisition we leverage a range of targeted marketing campaigns, combining strategies to acquire customers efficiently and ensure sustainable business growth.
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