Circulate Capital - Impact Investment for Circular Supply Chains

Enriched Impact Investor · Found: 2026-03-11 12:52

Impact investment firm founded 2018, investing in companies diverting plastic waste from landfills and oceans. Focus on South and Southeast Asia and Latin America, building circular supply chains with competitive returns.

Source: https://circulatecapital.com/about-us

Funding Details

Funder

Circulate Capital

Funding Goal

Invest in high-potential companies that divert plastic waste from landfills and oceans, building circular supply chains in high-growth markets — targeting plastic circularity across South and Southeast Asia, Latin America, and beyond.

Funding Amount

Not publicly specified; fund targets unlocking USD $1 billion total across portfolio investments

How to Apply

Apply via the "Apply for Funding" page on the Circulate Capital website (circulatecapital.com/apply-for-funding/). Applications appear to be accepted on a rolling basis.

Target Region

South and Southeast Asia, Latin America; high-growth markets globally

Contact

Contact form available at circulatecapital.com/about-us/contact/. Newsletter subscription at mailchi.mp/circulatecapital/subscribe-newsletter.

Last Checked

2026-03-11 16:09

Application Checklist

Eligibility

• Applicant must be a for-profit company (not a non-profit or NGO)
• Business must operate in high-growth markets — primarily South/Southeast Asia, Latin America, or similar emerging markets
• Business model must demonstrate scalability and potential for competitive financial returns to investors

Project Scope

• Core focus must be on plastic circularity: diverting plastic waste from landfills/oceans, recycling, or circular supply chain innovation

Required Documents

• Prepare a detailed business plan, financial projections, and impact metrics aligned with circular economy outcomes

Constraints

• Investments are equity/blended finance — applicants should be prepared for investor ownership stakes, not grant-based funding
• Investment may involve co-investors including DFIs and corporate strategic partners

Summary

Circulate Capital is an impact investment management firm founded in 2018, initially focused on tackling ocean plastic pollution in South and Southeast Asia. Over time, the firm has broadened its mandate to cover plastic circularity more broadly — including disruptive innovations across value chains in high-growth markets globally, including Latin America. The firm invests in for-profit companies at various stages, seeking competitive financial returns alongside measurable environmental and social impact. Circulate Capital uses both upstream and downstream investment strategies, providing not only capital but also supply chain expertise, corporate connections, and hands-on operational support to help investees scale. The fund is backed by major multinational corporations including PepsiCo, Procter & Gamble, Dow, Danone, Unilever, and The Coca-Cola Company. Circulate Capital leverages blended finance structures — investing alongside development finance institutions (DFIs) and private investors — to de-risk investments in otherwise challenging markets. Their stated goal is to unlock USD $1 billion in total capital to prevent 150 million tonnes of plastic pollution and build the world's most impactful circular economy portfolio. Linked to but legally separate from Circulate Capital is The Circulate Initiative, a U.S. 501(c)(3) non-profit that conducts research and builds programs to address systemic barriers to the circular transition, particularly in emerging markets.

Historical Context

Founded in 2018. Recognized as Reuters 2022 Responsible Investor of the Year. Listed on ImpactAssets IA50 for both 2020–22 and 2023–25 cycles. Won Shared Value Award 2022. Named to Eco-Business A-List 2021 and WEF UpLink Top Innovator.

Why it was added

Premier impact investor focused on plastic waste in developing countries, highly relevant for OPF plastic circular economy

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