Plastics Circularity
Investment Tracker

The Circulate Initiative's Plastics Circularity Investment Tracker, launched in cooperation with the International Finance Corporation (IFC), provides insights into private investments in plastics circularity globally.

  • Investment data is available by geography, archetypes and investment categories on deals that took place between January 1, 2018 and December 31, 2023.
  • Compare investments across archetypes and investment categories across countries.
  • View the profiles of 24 global investors in plastics circularity.

For example, the tool can be used to identify the private equity investments in recycling in India, Indonesia, and Thailand for the years 2019, 2020, and 2021.

SIAW23
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Singapore
Headquarters
Singapore

Circulate Capital LLC

Circulate Capital provides series funding and debt financing for companies contributing to plastics circularity across all archetypes in the regions of South and Southeast Asia, and Latin America and the Caribbean. Through its portfolio companies, as of 2022, Circulate Capital managed to divert 100,000 metric tonnes of plastics and build new recycling plants with a total capacity of 145,000 tonnes per annum. Its focus areas include materials, refill/reuse, services, operational platforms, recycling, and recovery.
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Deal Value (USD)

> 50M - 100M

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Number of Deals

16

Profile
Established Year2018
Company DescriptionCirculate Capital was launched in 2018 to invest in solutions for the ocean plastic crisis in the Global South. Urgency and opportunity pushed the company to focus on plastics circularity, including disruptive innovations across value chains, throughout the world's high-growth markets.
HQ Location Singapore
Operating RegionsSouth and Southeast Asia, Latin America and the Caribbean
Investor TypeVenture Capitalist
VisionCirculate Capital aims to unlock US$1 billion to prevent 150 million tonnes of plastic pollution and advance the circular economy with the world’s most impactful portfolio.
MissionUnlock capital to build circular supply chains for a sustainable future, while delivering competitive returns to investors.
Key Management Member (Name)Rob Kaplan
Key Management Position (Title)Chief Executive Officer
Contactrkaplan@circulatecapital.com
Websitehttps://www.circulatecapital.com/
Investment and Deals
No. of Plastics Circularity Deals16
Total Deal Value of Plastics Circularity Deals (USD)> 50M - 100M
Impact Theme(s)Materials, Operational Platforms, Recovery, Recycling

* Based on aggregated data for all plastics circularity deals for the period 2018 to 2023 researched by The Circulate Initiative. Investment ranges may include co-investments and information that may not be available publicly.

Union J. PlusThailandRecycling2023Undisclosedfalse-icon
AlgenesisUnited StatesMaterials2023> 1M - 5Mtrue-icon
CircUnited StatesRecycling2023> 10M - 50Mtrue-icon
POPSEAIndonesiaRecycling2022Undisclosedtrue-icon
LucroIndiaRecycling2022Undisclosedfalse-icon
Company
Union J. Plus
Algenesis
Circ
POPSEA
Lucro
Company HQThailandUnited StatesUnited StatesIndonesiaIndia
ArchetypeRecyclingMaterialsRecyclingRecyclingRecycling
Deal Year20232023202320222022
Deal Size Range (USD)Undisclosed> 1M - 5M> 10M - 50MUndisclosedUndisclosed
Co-Investmentfalse-icontrue-icontrue-icontrue-iconfalse-icon

* Up to five most recent deals with publicly available information

Notes:

1. Investment is defined as private financing in the form of grants, equity/quasi-equity, debt, and blended finance structures, including credit guarantees and other similar financial instruments.

2. Deals with undisclosed deal values are included in the deal count but excluded from deal value calculations.

Last Updated:
July 30, 2024
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