Investors / Circulate Capital
Circulate Capital
Venture capital
Circulate Capital is an investment management firm that invests in companies and technologies transforming recycling supply chains and the circular economy. It partners with global brands and institutional investors, and uses blended finance vehicles to invest alongside development finance institutions and private investors.
Invests inIndustrial & ManufacturingConsumerSpace & Defense
In its own wordscircular economyplastic wasterecyclingwaste managementclimateemerging markets
Your fit with Circulate Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsCirculate Capital lists 24 checked portfolio companies on its own site. Its largest themes are Industrial & Manufacturing (46%), Consumer (15%) and Space & Defense (15%). It invests most often alongside Sagana, British International Investment and Aavishkaar Capital.
No funding round on record names Circulate Capital yet, so the figures come from its portfolio page.
Round figures show recent activity, not Circulate Capital's whole history. Rounds on record name 0 companies; its own site lists 24. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Industrial & Manufacturing | 46% | 7% |
| Consumer | 15% | 3% |
| Space & Defense | 15% | 3% |
| Education | 8% | 7% |
| E-commerce & Marketplaces | 3% | 6% |
| Healthcare & Biotech | 3% | 15% |
| Food & Agriculture | 3% | 3% |
| Fintech | 3% | 12% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Sagana | 6 |
| British International Investment | 4 |
| Aavishkaar Capital | 1 |
| Alante Capital | 1 |
| Archipelago Ventures | 1 |
| Casdin Capital | 1 |
| City Light | 1 |
| DRIVE Catalyst | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 59th | 24 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 81th | 46% in its largest sector |
| Reach | 93th | 9 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers24100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Circulate Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
24 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| ACE Green Recycling recovers critical raw materials from batteries for new battery manufacturing using proprietary hydrometallurgical processes. | Industrial & ManufacturingClimate & Energy | Portfolio page | ||
| Aevoloop transforms conventional plastic waste into valuable chemical building blocks and creates high-performance materials designed for recycling | Industrial & Manufacturing | Portfolio page | ||
| Algenesis develops and produces plant-based polyurethanes that replace petroleum-based materials | Industrial & Manufacturing | Portfolio page | ||
| Arzeda designs proteins for various applications, including sweeteners, home care, advanced materials, and biologics. | Healthcare & BiotechFood & Agriculture | Portfolio page | ||
| Circ is a textile-to-textile recycling company | FintechSpace & Defense | Portfolio page | ||
| Cirklo is a company that recycles plastic and promotes sustainability in all aspects of its work. | ConsumerIndustrial & Manufacturing | Portfolio page | ||
| Dalmia Polypro produces high quality recyclates from local post consumer plastic waste for reuse, helping to solve India's plastic waste problem and to advance the circular economy | Industrial & ManufacturingConsumer | Portfolio page | ||
| Earthodic develops and produces bio-based coatings for paper packaging to make it recyclable and water-resistant. | Space & DefenseSpace & Defense | Portfolio page | ||
| IntracoPallet manufactures plastic pallets for various industries | Industrial & Manufacturing | Portfolio page | ||
| JC Global is a manufacturer of recycled polymers and pyro oil | Industrial & Manufacturing | Portfolio page | ||
| Lucro recovers plastic waste directly from the source and turns post-consumer waste into reliable materials through plastic recycling | ConsumerIndustrial & Manufacturing | Portfolio page | ||
| NEPRA provides environmental and sustainability services, including ESG consulting, EPR solutions, and solar EPC solutions | EducationEducation | Portfolio page | ||
| Nova Biochem transforms industrial side-stream from pulp and paper industry into high-value circular chemicals that replace those made from crude oil. | Industrial & ManufacturingSpace & Defense | Portfolio page | ||
| Omnigreen buys plastic to make pellets | Industrial & Manufacturing | Portfolio page | ||
| The company recycles plastic waste and produces plastic pellets and bags. | Industrial & Manufacturing | Portfolio page | ||
| Phase Change Solutions develops temperature control and energy-efficiency solutions utilizing phase change materials | EducationIndustrial & Manufacturing | Portfolio page | ||
| Polindo Utama manufactures PET flakes and engages in recycling management, transport, logistics, and recycled packaging | Industrial & Manufacturing | Portfolio page | ||
| Polyrec neutralizes the plastic footprint, making massive consumption sustainable | Space & DefenseConsumer | Portfolio page | ||
| Reciki operates material recovery facilities to sort municipal waste and maximize recycling, reducing waste volume being landfilled in Indonesia. | Industrial & ManufacturingEnterprise Software | Portfolio page | ||
| Recykal is India's most comprehensive platform that has a solution for every stakeholder at every stage, in the circular economy. | E-commerce & MarketplacesSpace & Defense | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- circulatecapital.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Companies checked
- 24
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Circulate Capital's profile as data
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