Singaporean impact investment firm Circulate Capital closed a $75.8M fund focused on Latin America. Heading for Change, Sea Forward, Danone, Dow, Unilever, and IDB Lab are among the investors in the new fund.
The fund will support startups tackling the problem of plastic pollution.
“Today’s plastic problem is tomorrow’s profit opportunity. It’s about looking where others aren’t. Our portfolio companies are tackling waste, jobs, and cleaner communities simultaneously,” said Rob Kaplan, Circulate Capital’s Founder and CEO.
To date, the new fund has made four investments in recycling companies: Colombia’s Recyclapet and Polyrec, Brazil’s Cirklo, and Mexico’s Omnigreen.
Read more on Interplas Insights.
