
Circulate Capital
Investments
13Funds
4Partners & Customers
1Circulate Capital Web Traffic
Circulate Capital Rank
Latest Circulate Capital News
Jul 28, 2022
(CCOF I-B), bringing the fund’s total commitments to US$53 million. CCOF I-B’s latest close brings Circulate Capital’s total assets under management to US$165 million, making it the largest impact investment firm dedicated to fighting plastic pollution and advancing the circular economy in South and Southeast Asia. Alongside the firm’s US$112 million Circulate Capital Ocean Fund (CCOF I), the fund invests in companies across the plastic-recycling and waste-management value chains, as well as startups focused on early-stage disruptive innovation and technology aligned with Circulate Capital Disrupt, the firm’s climate tech strategy, such as new delivery models, advanced recycling technologies, and new alternatives to single-use plastic. CCOF I-B’s support includes US$10 million from IFC , a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, and US$5.6 million from Proparco , a subsidiary of Agence Française de Développement (AFD) devoted to private-sector financing. IFC’s investment includes an equity commitment of US$5 million from the Finland-IFC Blended Finance for Climate Change Program . “We’re delighted to support Circulate Capital in its efforts to tackle the plastic-waste crisis in Asia,” said William Sonneborn, IFC’s Senior Director of Disruptive Technologies and Funds. “The fund will help address plastic pollution and climate change through critical investments in recycling, waste management, and innovations in alternate materials and advanced recycling technologies. It will also increase access to much-needed capital for the small and medium-sized enterprises delivering these important solutions.” “Waste management and sustainable-plastic recycling have proven to be top priorities to invest in to reduce greenhouse-gas emissions,” said Diane Jegam, Proparco’s Regional Director for South Asia. “Proparco is proud to partner with Circulate Capital, whose significant track record and expertise on reduction of plastic waste leakage into the environment prepare them to maximize the impact of this fund.” CCOF I-B is backed by a number of distinguished international private investors, including Align Impact, Builders Vision, Benjamin Duncan Group, DF Impact Capital, Eden Impact, Huang Chen Foundation, Jebsen & Jessen, Minderoo Foundation, Rumah Group, North-East Family Office, SK2 Fund, Twynam Investments, the Woodcock Foundation, and Neil Yeoh of OnePointFive. In April 2022, Circulate Capital announced an expected commitment to be made later this year by the European Investment Bank (EIB), which will invest up to US$20 million in CCOF I-B.
Circulate Capital Investments
13 Investments
Circulate Capital has made 13 investments. Their latest investment was in Lucro as part of their Unattributed on July 7, 2022.
Circulate Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/28/2022 | Unattributed | Lucro | No | 1 | ||
4/6/2022 | Unattributed | Deluxe Recycling | Yes | 1 | ||
2/17/2022 | Seed VC | ACE Recycling | $7M | Yes | 3 | |
1/11/2022 | Unattributed | |||||
1/11/2022 | Series A |
Date | 7/28/2022 | 4/6/2022 | 2/17/2022 | 1/11/2022 | 1/11/2022 |
---|---|---|---|---|---|
Round | Unattributed | Unattributed | Seed VC | Unattributed | Series A |
Company | Lucro | Deluxe Recycling | ACE Recycling | ||
Amount | $7M | ||||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 3 |
Circulate Capital Fund History
4 Fund Histories
Circulate Capital has 4 funds, including Circulate Capital Ocean Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
7/28/2022 | Circulate Capital Ocean Fund II | $53M | 1 | ||
12/8/2021 | Circulate Capital Disrupt Fund | ||||
6/15/2020 | Circulate Capital Ocean Fund | ||||
6/18/2019 | Ocean Fund LP |
Closing Date | 7/28/2022 | 12/8/2021 | 6/15/2020 | 6/18/2019 |
---|---|---|---|---|
Fund | Circulate Capital Ocean Fund II | Circulate Capital Disrupt Fund | Circulate Capital Ocean Fund | Ocean Fund LP |
Fund Type | ||||
Status | ||||
Amount | $53M | |||
Sources | 1 |
Circulate Capital Partners & Customers
1 Partners and customers
Circulate Capital has 1 strategic partners and customers. Circulate Capital recently partnered with U.S. Agency for International Development on December 12, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/31/2019 | Partner | United States | Circulate Capital And USAID Team Up To Fight Ocean Plastic Pollution. `` By blending private and public sector capital , our partnership with US Agency for International Development will accelerate and expand the magnitude of the impact we can achieve beyond anything we could do separately , '' said Mr. Rob Kaplan , founder and CEO of Circulate Capital . | 1 |
Date | 12/31/2019 |
---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | Circulate Capital And USAID Team Up To Fight Ocean Plastic Pollution. `` By blending private and public sector capital , our partnership with US Agency for International Development will accelerate and expand the magnitude of the impact we can achieve beyond anything we could do separately , '' said Mr. Rob Kaplan , founder and CEO of Circulate Capital . |
Sources | 1 |
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