Circulate Capital Ocean Fund (CCOF)

Enriched Foundation · Found: 2026-03-14 17:46

Impact investment fund providing equity, quasi-equity, and debt financing (USD 2-30M) to plastic recycling SMEs in India, Indonesia, Vietnam, Philippines. Rolling applications. Not a grant — requires revenue-generating operations.

Source: https://www.circulatecapital.com/apply-for-funding/

Funding Details

Funder

Circulate Capital (backed by PepsiCo, P&G, Dow, Unilever, Coca-Cola, Danone, Mondelez, CHANEL, Chevron Phillips)

Funding Goal

Investment in recycling supply chains and circular economy businesses to prevent ocean plastic in South and Southeast Asia

Funding Amount

USD 2-30M (Recycling Supply Chains track); USD 1-5M (Circulate Capital Disrupt track) (1.000.000 € – 30.000.000 €)

Deadline

Rolling — submit pitch deck anytime at circulatecapital.com/apply-for-funding (Rolling)

How to Apply

Complete online form + attach pitch deck at circulatecapital.com/apply-for-funding

Target Region

India, Indonesia, Thailand, Malaysia, Vietnam, Philippines; Disrupt track is global

Contact

circulatecapital.com/apply-for-funding

Last Checked

2026-03-14 20:05

Application Checklist

Eligibility

• Legal entity operating in South or Southeast Asia (or global for Disrupt track)
• Early-growth or growth stage with revenue

Project Scope

• Plastic collection, sorting, recycling, or circular business model
• Waste diversion metrics (tonnes per year)
• GHG reduction projections
• Job creation and gender equality advancement potential

Constraints

• Risk-adjusted financial returns required — pure philanthropic model unlikely to qualify
• Non-profit legal form may disqualify under standard equity terms (unless restructured)
• Ticket sizes mean minimum EUR 1M+ operation to be considered

Summary

Circulate Capital is a hybrid impact investor — it seeks both financial returns and environmental/social outcomes. For a non-profit organisation, the most realistic path is either (a) establishing a separate for-profit recycling subsidiary in Indonesia, India, or Vietnam that can receive investment, or (b) applying through the Circulate Capital Disrupt track which has a global scope and is less prescriptive about geography. The Prevented Ocean Plastic Southeast Asia portfolio company model is closest to what this organisation does. The organisation should monitor Circulate Capitals portfolio companies as potential technology and market partners even if direct investment is not immediately viable. CCOF is backed by Coca-Cola, PepsiCo, Unilever, Dow, and P&G — all companies this organisation might approach separately for CSR partnership. A warm introduction through a shared CCOF portfolio company could accelerate corporate relationship building.

Historical Context

CCOF was launched in 2018-2019 as the worlds first fund dedicated to ocean plastic prevention in South and Southeast Asia. Portfolio now includes 23 companies across India, Indonesia, Vietnam, Thailand, and the Philippines. Fund I-B raised additional capital in 2022-2023. A Fund II may be in development. The fund does not publish deadlines — applications are reviewed on a rolling basis.

Why it was added

grant-scan-2026-03-14-corporate

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