Updated: Oct 28, 2018
Circulate Capital was launched earlier this month to direct investment at innovation tackling the devastation being caused by plastics in the ocean.
With the prospect that “by 2050 oceans could contain more plastics than fish (by weight)” – according to one report – there is an urgent need for impact investment that supports solutions designed to avert this doomsday scenario.
Step forward New York’s Circulate Capital, a new investment management company born through a partnership with Closed Loop Partners, which invests in circular economy ventures, and non-profit, Ocean Conservancy. Spearheaded by the co-founder of Closed Loop Partners, Rob Kaplan, Circulate Capital will ‘fund companies, innovation, and projects that prevent plastic from leaking into the ocean, with a focus on South and Southeast Asia’, a company press release said.