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© 2020, Circulate Capital LLC

Circulate Capital raises $106m to address Asia’s ocean plastic crisis

Deal Street Asia


Singapore-based venture capital firm Circulate Capital has made the first close of its debut investment fund aimed at tackling Asia’s ocean plastic crisis at $106 million.


Called the Circulate Capital Ocean Fund (CCOF), the fund’s investors include PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company and Chevron Phillips Chemical Company. All of its limited partners (LPs) are currently from the US and Europe, primarily from the fast-moving consumer goods (FMCG) and packaging industry.

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