ImpactAlpha, December 8 — Singapore-based Circulate Capital’s Disrupt fund made its first investments in Arzeda, a Seattle-based biotech company that develops healthy and sustainable products; Danville, Va.-based Circ, whose recycling technology returns clothes to the raw materials from which they were made; and Phase Change Solutions, an Asheboro, N.C.-based biotech company developing smart materials that can store and release thermal energy.
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The Disrupt fund has raised $25 million from investors including Builders Vision, Eden Impact, Huang Chen Foundation, Minderoo Foundation and Benjamin Duncan Group.
The fund complements Circular’s $106 million Capital Ocean Fund by targeting “upstream” innovations in materials, packaging and delivery methods that cut plastic waste.
Circular packaging
Separately, women-led Dispatch Goods, which partners with restaurants, delivery companies and other packaging businesses to use reusable, sustainable packaging, raised $3.7 million in a seed financing round.
The San Francisco-based company said it has helped partners, such as DoorDash and Imperfect Foods, keep more than 250,000 single-use plastics from the waste stream in 2021.
