CHF 1.5 million to make affordable prosthetics widely available

Based on a design conceived during a bachelor thesis at the Zurich University of the Arts, Circleg developed a prosthesis system of high functional and aesthetic quality that uses existing resources - plastic waste. The startup pursues a B2B model by selling Circleg prostheses to private and public hospitals, retailers, NGOs, prosthetic and orthotic centers and donors who redistribute or sell the prostheses to amputees in need.

The social enterprise has now completed its first round of fundraising. A diverse and complementary group of strategic angel investors and impact-oriented funds participated in the investment round, providing not only financial support but also valuable expertise and networks. This milestone underscores the company's commitment to making high-quality prosthetic care accessible around the world.

"We are thrilled to have closed our first round of investment with such strong support from value-oriented investors who believe in our mission," says Nicole Colmenares Pulido, Co-Founder of Circleg. "This is a testament to our investors' confidence in our vision and the potential of our innovative solutions to deliver positive impact at scale."

With this funding, Circleg plans to expand its market presence and extend its operations to new regions to increase accessibility in emerging markets and continuously improve its product offering. This news comes shortly after the startup entered the commercial phase last December.

(Press release / SR)
Image: ©Circleg