• Singapore’s Circulate Capital sealed $73M climate fund, hauling further $7M from UK backers.
• It has prevented 150k tonnes of plastic pollution in India through waste startups.
• New funds will curb environmental harm while generating financial returns across Asia.
Summary
Climate Fund Milestone
Singapore’s Circulate Capital sealed the final close of its $73 million climate fund this week, hauling a further $7 million from British backers.
The firm financing plastic waste and emissions slashers in Asia has now amassed over $250 million under management since its 2018 launch.
Britain’s investment arm offered a vote of confidence in Circulate Capital’s mission of advancing circular economies amid pledges to pour over $1.5 billion into regional sustainability plays by 2026.
“Plastic waste management is a particularly pressing issue in the region,” said UK High Commissioner Kara Owen.
UK Backs Circular Economy
Circulate Capital has already prevented 150,000 tonnes of plastic pollution in India through its portfolio of waste management and chemical recycling startups.
Its newest fund, the Circulate Capital Ocean Fund I-B, will double down on climate and ocean impact across sectors like renewables and sustainable agriculture.
Managing Director Srini Nagarajan said the capital injection will further efforts to curb environmental harm while generating outsized financial returns.
Impactful Portfolio
Global institutions have rallied behind the firm, signalling to emitters and polluters that market forces increasingly demand cleaner, closed-loop industry models.
With heavyweight backers on board, Circulate Capital can now accelerate its support of founders pioneering plastic and pollution solutions to redeem devastated ecosystems across Asia.
UK backs Singapore sustainability investment firm’s final raise to clean Asian seas
