Climate and Clean Tech | June 24, 2021

Circulate Capital closes first $14 million for new waste reduction fund

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, June 24 – Singapore-based Circulate Capital has been investing in recycling and waste reduction efforts to keep plastic out of oceans and waterways since 2019 via its $106 million Circulate Capital Ocean Fund. A new fund, Circulate Capital Disrupt, will complement those efforts by targeting “upstream” innovations in materials, packaging and delivery methods that can cut down on the plastic waste stream.

“Applying climate-tech innovations to the plastics crisis may be the key to finally stemming the tide, and presents climate-focused investors with the potential for meaningful financial and impact outcomes,” said Circuate’s Rob Kaplan. 

Circocean Ltd, Courtney Hull, DF Impact Capital, Rumah Group and Twynam Investments are among the early investors.

Circular logic

ABN AMRO launched a €425 million Sustainable Impact Fund that will invest in early and growth stage companies pursuing circular economy, energy transition and social impact opportunities.

Rheaply raised $2.2 million in an “inter-series” funding round led by Microsoft’s Climate Innovation Fund to add carbon accounting into its circular economy platform. The Chicago-based company’s asset management platform and marketplace helps organizations track and manage assets to maximize their reuse.