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Circulate Capital

Ocean Fund I-B

The first investment firm dedicated to advancing the circular economy and fighting ocean plastic and climate change in South and Southeast Asia. Circulate Capital Ocean Fund I invests in growth stage SMEs across the circular plastic value chain, while Circulate Capital Disrupt (Fund I-B) is a Southeast Asia based companion fund that benefits from the pipeline and diligence work of Circulate Capital Ocean Fund.

LP Base

Unilever, DFC, USAID, EIB, IFC, Proparco, Pepsico, Coca Cola, Danone, Mondelez, Chevron, Chanel, Dow, P&G, Jebsen & Jessen, Builders Vision, Twynam, Rumah Group, North East Group, Eden, Impact Capital, SK2Fund, Align Impact, Minderoo Foundation

Impact Summary

Impact Governance

🗹 Vision/mission statement with impact elements

🗹 ESG/Impact policies in place

Impact Strategy

🗹 Impact/ESG strategy integrated with investment strategy

🗹 Portfolio companies tackle affordability/accessibility issues

Impact Track Record

🗹 Team with Impact Experience

🗹 Existing impact LPs


🗹 Tracking impact KPIs/impact report available

Fundraising Details

Asset Class

VC Fund

Targeted Fund Size

USD 50 million

Close Date

Q2 2023

Impact theme



South Asia, Southeast Asia, US, EU, Australia

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