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Our Story

Explore our firm history

2018-2019 - Foundation years

Photograph of presenterss at a conference
Photograph of the Ocean Summit exterior signage
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JULY 2018 / Circulate Capital Established

Circulate Capital established as an impact-focused investment management firm.
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OCTOBER 2018 / Circulate Capital Launch

Circulate Capital officially launched at the Our Ocean Conference in Indonesia
See video here

DECEMBER 2019 / LAUNCH OF THE CIRCULATE CAPITAL OCEAN FUND

Circulate Capital announces the first close of the US$106M Circulate Capital Ocean Fund (CCOF I), ​​backed by PepsiCo, Procter & Gamble, Dow, Danone, CHANEL, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical.
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2020 - First investments in South and Southeast Asia’s recycling supply chains

Photograph of smiling man
Photograph of a worker at a processing machine
Photograph of Srichakra forklift in action
Photograph of a Nepra lorry

APRIL 2020 / FIRST INVESTMENTS IN INDIA AND INDONESIA

​​CCOF invests its first US$6M in Indian Lucro and Indonesian Tridi Oasis, after intense due diligence and local data gathering.
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NOVEMBER–DECEMBER 2020 / NEW INDIA INVESTMENTS ANNOUNCED

CCOF announces five more investments in leading Indian companies, Srichakra Polyplast, Nepra Resource Management, Recykal, Ricron Panels and Dalmia Polypro.

Together with our existing investment in Lucro Plastecycle, the companies exemplify what we think is possible in India, as well as the value we strive to add with our investment and partnership model.

2021 - Broadening our financing to upstream solutions

Circulate Capital Disrupt logo
Circ Before and After apparel graphic
Photograph of ACE worker
Photograph of two workers smiling sitting at a laptop computer

JUNE 2021 / LAUNCH OF INNOVATION STRATEGY

Circulate Capital launches its new investment ​​strategy targeting disruptive innovations at the nexus of climate-tech and plastics circularity.
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NOVEMBER 2021 / WELCOMING MONDELEZ INTERNATIONAL ON BOARD

​Mondelez International joins Circulate Capital’s list of corporate investors.
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December 2021 / THREE INAUGURAL INVESTMENTS THROUGH CIRCULATE CAPITAL DISRUPT

CCD’s first US-based investments — Arzeda, Circ, and Phase Change Solutions—represent some of today’s most cutting-edge innovations that are disrupting a cross-section of supply chains and have proven technologies and ambitions to expand into Asia.

December 2021-January 2022 / NEW INVESTMENTS IN INDIA AND INDONESIA’S RECYCLING SUPPLY CHAINS

Circulate Capital increases its commitment to Indonesia plastic pollution prevention with new investment into Reciki and Prevented Ocean Plastic Southeast Asia. The firm also invests in ACE Green Recycling to leverage clean battery recycling technology and build circular plastic market

2022 - Deeper impact and major new investors

Our Story Graphic
Deluxe smiling lady
Photograph of processed plastic waste
Photograph of Deluxe workers assembling multi layer plastic panels

March 2022 / LAUNCH OF OUR GENDER SMART INVESTING STRATEGY

Circulate Capital commits to the 2X Challenge, setting a new standard for gender smart investment in the circular economy for plastics.
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April 2022 / NEW INDIA INVESTMENT ANNOUNCED

Circulate Capital invests in India’s Deluxe to scale recycling of sachets and multilayer plastic waste
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April-July 2022 / WELCOMING EIB, IFC AND PROPARCO ON BOARD

​​European Investment Bank (EIB), IFC and PROPARCO join Circulate Capital’s list of investors, committing to fight plastic pollution and climate change, and advance the circular economy in Asia
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August 2022 / FIRST SUCCESSFUL EXIT​

Tridi Oasis partnered with ALBA Group Asia, a leading global recycling specialist and environmental services provider.
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