Harness the circular economy to unlock value

Circulate Capital invests through two complementary strategies

Circulate Capital Recycling Supply Chains

This strategy targets investments that transform recycling and waste management supply chains, scaling the highest-potential solutions and replicating their success.

Circulate Capital Disrupt logo

This strategy targets disruptive innovations that represent milestone “leaps of progress” toward circularity, including novel re-usable materials, alternative delivery models, with great potential for technology transfer.


The largest recycling portfolio in South and Southeast Asia.


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Enable Partnerships Across the Value Chain

Lucro Plastecycle and Dow partner to close the loop on India’s flexible plastic packaging.

Our portfolio company Lucro Plastecycle and our investor Dow entered into a memorandum of understanding to co-develop a post-consumer recycled polyethylene film solution.

​This partnership embodies Circulate Capital’s vision of being a value-added investor by bringing the power of our relationships to support product development and market access.

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Catalyze Future Investment

Circulate Capital invested in India’s Recykal in December 2020. Our investment supported the business’ expansion, allowing it to attract larger institutional investors.

In 2022, Recykal raised an additional $22M, including from Morgan Stanley – highlighting our role as a catalyst for future investment.

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Build World-Class Operations

Our investee Srichakra Polyplast was India’s first company to develop a food-grade, bottle-to-bottle recycling facility that is fully approved by regulators.

Circulate Capital’s investment supported Srichakra in building world-class operations, one of our key impact goals.

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Scale the Circular Economy in Indonesia

Indonesia’s growing population and economy create significant waste challenges.

Thanks to Circulate Capital’s investment, Tridi Oasis evolved from a local start-up into a key player in Indonesia’s plastic circular transition.

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