EIB Commits Up to $20 million to Invest in Circulate Capital Ocean Fund I-B to Fight Plastic Pollution and Climate Change, and Advance the Circular Economy in Asia

Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today that the European Investment Bank (EIB) has committed up to $20 million to the Circulate Capital Ocean Fund I-B (CCOF I-B), which invests both into disruptive innovations aligned with Circulate Capital Disrupt (CCD), the firm’s climate-tech strategy, and into the South and Southeast Asia recycling value chain, alongside the firm’s $112m Circulate Capital Ocean Fund (CCOF I).  CCOF I-B is targeting a total raise of USD$80 million and is therefore in consideration with other investors, as recently disclosed by the International Finance Corporation (IFC).

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