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A year ago at the Our Ocean Conference in Malta, we announced our ambition to create a new funding mechanism to address the problem of ocean plastic in Southeast Asia. In partnership with Ocean Conservancy and many leading consumer brands and trade groups, we stood up in front of the world's leaders and recognized the need to poll resources and unlock the billions of dollars needed to finance critical solutions.
Last Monday, I went back to Our Ocean—this time in Bali—to share the exciting news that Circulate Capital, the first investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic, has secured more than $100m to incubate and invest in solutions in South and Southeast Asia.
We are deeply grateful for our investors and supporters, and their faith in the vision of Circulate Capital.
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