Circulate Capital launches $106m fund to address Asia’s ocean plastic crisis

Singapore-based venture capital firm Circulate Capital has announced the launch of Circulate Capital Ocean Fund (CCOF), the world’s first investment fund dedicated to preventing Asia’s ocean plastic crisis. Circulate Capital said it launched the $106-million fund, with founding investors and partners PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company, to address the financing…