Updated: Mar 4, 2019
"Circulate Capital, an investment management firm dedicated to preventing ocean plastic, said in October that it expected US$90 million in funding from some of the world’s leading consumer good groups and chemical companies, including PepsiCo, P&G, Dow and Coca-Cola.
Created in collaboration with Closed Loop Partners and the Ocean Conservancy, Circulate Capital aims to demonstrate the value of investing in waste management and recycling in South and Southeast Asia. It uses philanthropic and public funds, as well as technical assistance, to support and develop public and nonprofit entities to implement new approaches and build capacity that can support large institutional capital commitments.
“We have recognized that financing is a key barrier—as people always want to know ‘who is going to pay for it?’ By removing capital for infrastructure and operators as a barrier, we believe we can accelerate solutions to policy, education, supply chains and more,” said Rob Kaplan, the founder and CEO of Circulate Capital."