Circulate Capital established the world’s first investment fund dedicated to preventing ocean plastic: the Circulate Capital Ocean Fund (CCOF). Its goal is to invest in companies that prevent plastic pollution and advance the circular economy in South and Southeast Asia, thereby proving the investment case and catalyzing significant capital into the solutions.
CCOF is a new, blended financing mechanism, bringing together the public and private sectors to invest for maximum impact. Circulate Capital secured significant funding commitment from corporate partners and partnered with USAID which will provide a 50% guarantee of CCOF’s loans, up to $35 million USD, further de-risking investments
Financing innovative local companies that are working to address the challenge is a critical step to reducing the flow of ocean plastics and also key to improve economic development and public health outcomes. Our model relies on our partnership with the local innovators implementing solutions on the ground in source communities, and on incentivizing a new generation of social entrepreneurs to build a fresh pipeline of potential projects.