Circularity Capital LLP, a U.K.-based private equity firm specializing in European small and medium-sized enterprises in the circular economy, led a multimillion-pound growth funding round in ZigZag Global Ltd., according to a Jan. 17 news release.
Following the investment, Circularity Capital Partner Ian Nolan has joined ZigZag Global's board. Plug & Play Ventures also participated in the investment round.
ZigZag Global will use the investment to fund its market growth, expand its customer base and enhance its product offering. The company will also use the investment to accelerate the rollout of its solution to blue chip retailers.
ZigZag Global operates a Software-as-a-Service solution for retailers to reduce the costs and waste associated with returns.