Leonardo DiCaprio invests CHF 2 M in sustainability-focused watch brand!
ID Genève, a Swiss circular economy pioneer and the first impact native luxury watch brand, is proud to announce the successful completion of a CHF 2 million seed funding round with the participation of actor and environmental advocate Leonardo DiCaprio and several Swiss family offices.
Founded in December 2020, ID Genève has already gained wide acclaim for its commitment to designing and producing high-end mechanical timepieces with the greatest possible sustainability, using only recycled, reused and renewable materials as well as innovative processes, resulting in a significantly lower carbon footprint than the industry average. The company’s recent B Corporation certification testifies to high standards of verified social and environmental performance, transparency and accountability.
This seed round follows the success of ID Genève’s inaugural Circular 1 watch collection launched in 2021, which was sold out within weeks. Their latest watch collection, Circular S, is made from 100% recycled steel which has been remelted in a solar furnace, reducing its carbon footprint by a factor of 165. The watch straps, crafted from vegetal sources and 100% compostable, echo the brand’s commitment to minimizing waste and maximizing reuse. The same is true of the packaging solutions ID Geneve uses, which are derived from mycelium and seaweed. |
