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

Funding Goal

Invest equity, quasi-equity, and debt in companies and technologies that prevent plastic waste from entering the ocean by transforming plastic supply chains — focusing on collection and sorting, recycling and upcycling, and digitisation — in South and Southeast Asia.

Funding Amount

USD 2 to 30 million per investment (equity, quasi-equity, and debt). Advanced recycling technologies: USD 1 to 5 million (equity and quasi-equity). (2.000.000 € – 30.000.000 €)

Deadline

Rolling basis (Rolling)

How to Apply

Submit a pitch deck via the form on the Circulate Capital apply-for-funding page. Only companies meeting the investment criteria will be invited to submit a complete proposal. Note: submitting does not guarantee a response.

Target Region

South and Southeast Asia (India, Indonesia, Thailand, Malaysia, Vietnam, Philippines). Opportunistically: Latin America and the Caribbean.

Contact

https://www.circulatecapital.com/about-us/contact/

Last Checked

2026-05-07 01:22

Application Checklist

Eligibility

• Applicant must be a revenue-generating company — not an NGO or non-profit
• Must demonstrate financially attractive risk-adjusted returns

Project Scope

• Investment focus: plastic collection, sorting, upcycling, or digitisation in South/Southeast Asia

Required Documents

• Submit pitch deck via the online form; invitation-only for full proposal

Constraints

• Ticket size: USD 2-30M (equity/debt); USD 1-5M for advanced recycling tech (equity only)
• Geographic restriction: India, Indonesia, Thailand, Malaysia, Vietnam, Philippines (and opportunistically Latin America)

Summary

Circulate Capital is an impact investment manager that invests in companies and technologies transforming plastic supply chains to prevent ocean plastic pollution in South and Southeast Asia. The primary fund, the Circulate Capital Ocean Fund (CCOF), provides equity, quasi-equity, and debt financing ranging from USD 2 to 30 million per investment to commercial recycling and waste management businesses. The investment thesis focuses on three pillars: collection and sorting (infrastructure to eliminate plastic leakage and enable clean sorting); upcycling (technologies to increase the value of recycled plastic products); and digitisation (big data, AI, and traceability tools to improve supply chain efficiency and transparency). For advanced recycling technologies, a separate ticket size of USD 1 to 5 million in equity and quasi-equity is offered to companies deploying chemical recycling or depolymerisation processes. Geographic focus is South and Southeast Asia: India, Indonesia, Thailand, Malaysia, Vietnam, and the Philippines are the active target markets. Latin America and the Caribbean are opportunistic geographies. Eligible applicants are revenue-generating for-profit companies or commercial ventures seeking growth capital. This is not a grant programme — it is commercial impact investment requiring financially attractive, risk-adjusted returns. NGOs and non-profit organisations are not eligible unless they have a revenue-generating commercial subsidiary. Applications are accepted on a rolling basis via submission of a pitch deck. Circulate Capital only responds to companies that meet their investment criteria and invites them to submit a full proposal.

Historical Context

Circulate Capital is an impact investment manager that launched the Circulate Capital Ocean Fund (CCOF) with backing from major consumer goods companies (Procter & Gamble, PepsiCo, Unilever, Chevron Phillips Chemical, Dow, Danimer Scientific). The fund has deployed capital into multiple portfolio companies across India and Indonesia. The fund is recognised by the World Economic Forum's UpLink platform.

Why it was added

grant-scan-2026-03-14-corporate

Sources

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

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