L'Oréal: creates Circular Innovation Fund

(CercleFinance.com) - L'Oréal has announced the creation of the Circular Innovation Fund.
As lead investor, it is contributing 50 million euros to this new 150 million euro fund as part of its sustainable development program.

Managed by Demeter and Cycle Capital, the venture capital fund will benefit from a wide range of investors, and will support companies developing circular use of resources in various sectors.

Examples of projects supported by the fund include companies such as For Days, a recycling service for old clothes, and Aphea.Bio, which develops new, high-quality agricultural organic products.



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