Japan-based apparel and plastics recycling service Japan Environment Planning (Jeplan) received an undisclosed amount of funding from construction firm Kyudenko Corporation on Friday.
Founded in 2007, Jeplan is developing circular economy technology and projects designed for multiple industries, focusing on producing clothes and plastic bottles using recycled materials. It raised an undisclosed amount of funding from biofuel supplier Euglena and camping equipment producer Snow Peak in June 2018.
Diversified trading group Itochu, Osaka University Venture Capital and QB Capital had provided another undisclosed sum for Jeplan the previous month, the last two on behalf of Osaka University and Kyushu University subsidiary Kyushu TLO Company respectively.
Textile trading firm Toyoshima’s corporate venture capital arm, Toyoshima CVC Fund, had injected an undisclosed amount in the company in January 2018.
Jafco and Shijo had supplied $5.9m for the company in January 2016, a deal which came in the wake of $805,000 from the latter in May 2015.
Engineering group Taiyo Kogyo Corporation had invested $840,000 in Jeplan in January 2015, after mobile network operator NTT Docomo took part in a $425,000 round the previous month. Its earliest disclosed funding took place in September 2014, when it received $980,000 from Shijo and $4m from Jafco.
