Press Releases

Circulate Capital announces follow-on investment into Lucro as company closes the loop on flexible plastic packaging in India

July 27, 2022

Singapore, July 27, 2022 – Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, today announced a follow-on investment in current portfolio company, Lucro Plastecycle Private Limited (Lucro). The additional capital is expected to allow the company to triple its capacity in order to meet the growing demand for its products.

Circulate Capital Achieves Third Close for Circulate Capital Ocean Fund I-B, Led by the International Finance Corporation (IFC) and Proparco

July 27, 2022

The Firm also announces major transaction milestones, validating Circulate Capital’s strategy to advance the circular economy and fight plastic waste

The European Investment Bank Commits up to $20 million to Circulate Capital Ocean Fund I-B

April 26, 2022

European Investment Bank (EIB) Commits Up to $20 million to Invest in Circulate Capital Ocean Fund I-B to Fight Plastic Pollution and Climate Change, and Advance the Circular Economy in Asia

New Commitment to Recycling and Climate Tech Fund Intends to Catalyze Institutional Investment into Enterprises that Develop Solutions to Combat Plastic Waste in Asia

Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today that the European Investment Bank (EIB) has committed up to $20 million to the Circulate Capital Ocean Fund I-B (CCOF I-B), which invests both into disruptive innovations aligned with Circulate Capital Disrupt (CCD), the firm’s climate-tech strategy, and into the South and Southeast Asia recycling value chain, alongside the firm’s $112m Circulate Capital Ocean Fund (CCOF I). CCOF I-B is targeting a total raise of USD$80 million and is therefore in consideration with other investors, as recently disclosed by the International Finance Corporation (IFC).

Circulate Capital Invests in India’s Deluxe to Scale Recycling of Sachets and Multilayer Plastic Waste

April 5, 2022

Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent ocean plastic and climate change by advancing the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF I) is investing in Deluxe Recycling Private Limited (Deluxe). Deluxe is a leading Indian plastic recycling company that recycles challenging multilayer plastics (MLP), like sachets and Used-Beverage-Cartons (UBC) into new, valuable products, such as pallets and rickshaw seats. By creating a market for MLP waste, the company expects to divert 34,000 tons per annum of waste from incineration or landfills by 2025, helping pave the way to a circular economy in India.

Srichakra Becomes the First Indian Recycling Company to Receive a Positive Safety Assessment from European Food Safety Authority (EFSA)

March 10, 2022

Srichakra Polyplast (Srichakra), India’s first food-grade quality plastic recycling company announced today that its recycled polyethylene terephthalate (rPET) has received a positive safety assessment from the European Food Safety Authority (EFSA). The announcement comes as the Food Safety and Standards Authority of India (FSSAI) is set to approve the use of rPET for food packaging, reducing the need for virgin plastics and paving the way for a circular economy for plastics in India.

Circulate Capital Commits to the 2X Challenge, Setting a New Standard for Gender Smart Investment in the Circular Economy for Plastics

March 3, 2022

Circulate Capital, the emerging market investment management firm that finances innovations, companies and infrastructure that scale solutions to the plastic pollution and climate change crises, announced today it has qualified for the 2X Challenge, in recognition of its significant commitment to women’s economic empowerment. Circulate Capital’s nomination was sponsored by US International Development Finance Corporation (DFC).

Circulate Capital Invests in “Prevented Ocean Plastic Southeast Asia” to Expand Recycling Infrastructure and Prevent Plastic Pollution in Indonesia

January 11, 2022

Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent the flow of plastic waste into the world’s oceans and advance a carbon neutral circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) is investing in Prevented Ocean Plastic Southeast Asia. This plastic waste collection and recycling company is pioneering and testing an innovative supply chain model for the management of plastic waste.

Circulate Capital Increases its Commitment to Indonesia Plastic Pollution Prevention with New Investment into Reciki

December 14, 2021

Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent ocean plastic and climate change by advancing the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) is investing in Reciki Solusi Indonesia (Reciki), one of Indonesia’s leading privately-owned waste management companies.

Circulate Capital Invests in ACE Green Recycling to Leverage Clean Battery Recycling Technology and Build Circular Plastic Market

December 8, 2021

Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent ocean plastic and climate change and advance the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) has invested in ACE Green Recycling, a pioneering clean tech firm specializing in battery recycling.

Circulate Capital Announces Second Close for Climate Tech Fund and  Inaugural Investments in Three US-based Tech Innovators

December 7, 2021

Circulate Capital Disrupt’s AUM climbs to $25 Million; Portfolio Includes Sustainable Fashion, Biotech & Smart Materials Enterprises Pioneering Innovative Solutions to Combat Plastic Waste

Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today a second close of its climate tech fund, Circulate Capital Disrupt (CCD), bringing the strategy’s total AUM to $25 million. The firm also announced it has made three inaugural investments for CCD in U.S.-based innovators that implement solutions in the sustainable fashion, biotechnologies and smart materials sectors to combat plastic waste and climate change, while accelerating the transition towards a circular economy.

Mondelez International Invests in Circulate Capital’s Ocean Fund to Advance Global Efforts in Plastic Waste Collection and Recycling

November 11, 2021

Mondelēz International, Inc. (Nasdaq: MDLZ) today advanced its commitment to helping create a circular economy for plastic by joining Circulate Capital Ocean Fund (CCOF) as a limited partner and making an investment in CCOF supporting scalable business solutions to help develop infrastructure for the collecting, sorting and recycling of plastic waste, including flexible films. The goal of this investment, which is part of Mondelēz International’s Sustainable Futures impact investing platform, is to enhance focus on the physical collection of flexible films – lightweight, multi-layer plastics used by the snacking industry – that have traditionally been more difficult to collect, sort, recycle and ultimately reuse.

IDB Lab partners with Circulate Capital to combat ocean-bound plastics in Latin America and the Caribbean

October 25, 2021

The innovation lab for the Inter-American Development Bank (IDB) Group, IDB Lab, announces a USD$4 million investment commitment, along with an additional technical cooperation grant of $500,000, to support innovative solutions to tackle the growing problem of plastic waste ending up in the oceans and waterways of Latin America and the Caribbean (LAC).