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Asset/Investment Management
FINANCE | Asset/Financial Management
circulatecapital.com

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Investments

13

Funds

4

Partners & Customers

1

About Circulate Capital

Circulate Capital is an impact-focused investment management firm dedicated to financing companies and infrastructure that prevent the flow of plastic waste into the world's ocean while advancing the circular economy.

Circulate Capital Headquarters Location

038986,

Singapore

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Latest Circulate Capital News

Circulate Capital Achieves Third Close for Circulate Capital Ocean Fund I-B

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.

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Circulate Capital Investments Activity

investments chart

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

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10

1/11/2022

Series A

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$99M

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10

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

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Amount

$7M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

3

10

10

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

$99M

10

6/15/2020

Circulate Capital Ocean Fund

$99M

10

6/18/2019

Ocean Fund LP

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$99M

10

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

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Status

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Amount

$53M

$99M

$99M

$99M

Sources

1

10

10

10

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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