Circulate Capital
Overview
Circulate Capital is the leading circular economy investment management firm in high-growth markets. They partner with global brands and institutional investors to invest into solutions that catalyze systems change across the globe. Their financing transforms circular plastic supply chains at scale, delivering competitive financial returns and positive impact. Circulate Capital manages two active funds: Circulate Capital Ocean Fund and Circulate Capital Disrupt. The Circulate Capital Ocean Fund (CCOF I) provides both debt and equity financing to waste management, recycling, and circular economy start-ups and SMEs in India, Indonesia, Thailand, Vietnam and the Philippines. Circulate Capital Disrupt is a companion venture and private equity fund to CCOF that invests globally in disruptive technologies at the nexus of climate tech and circular plastics.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Polindo Utama | Jul 2025 | VC Round | Lead |
| PT Pelita Mekar Semesta | Jul 2025 | VC Round | Lead |
| Lucro Plastecycle | Mar 2025 | Corporate Funding | Co-investor |
| Earthodic | Oct 2024 | Seed | Co-investor |
| Ricron Panels | Jul 2024 | Series A | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.