Singapore · 
What does Circulate Capital invest in?
Circulate Capital invests most often at Growth and Seed (100% of the rounds on record), in sectors such as Fintechs, Wealthtech and Financial Services.
Circulate Capital highlights
- 01
2 cheques in the last 12 months
- 02
Mostly Growth and Seed: 100% of its rounds
- 03
Sole investor in 2 rounds, median $9.5M
What they do
Circulate Capital is the leading circular economy investment management firm in high-growth markets.From their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- Not stated
- Stages
- SeedSeries ASeries B
- Sectors
- FintechsWealthtechFinancial Services
- Based in
- Singapore, Singapore
- Cold pitches
- Accepted
The record
Every round we can evidence, newest first3 appearances
- 2026
1 round
- Sept
- 2025
1 round
- Dec
- 2024
1 round
- Oct
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration5 named
ALAllard Lieuwke De Ira JongDirectoriFiling they signed
EIErnesto Ira HanhausenMr. Hanhausen is a PrincipaliFiling they signed
RMRegula Maria ScheggMs. Schegg is a Strategic Principal of the Issuer and a Director of the Investment ManageriFiling they signed
RIRobert Ira KaplanMr. Kaplan is the Senior Principal of the Issuer, the sole director of the General Partner of the Issuer and the Chief Executive Officer and director of the Investment ManageriFiling they signed
WMWolfgang Maria HafenmayerMr. Hafenmayer is a Strategic PrincipaliFiling they signed
We also hold 45 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$451Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
- Legal name
- Circulate Capital Management Pte. LTD.
- SEC number
- CRD 304837
Who backs their funds
6 LPs on record in Circulate Capital's funds
- Funds
- 2
The institutions that put money into its funds, which the firm then invests in companies.Source: fund news.
Danone2 fundsFund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - 
DOW2 fundsFund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - 
Builders Vision2 fundsFund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - 
Unilever1 fundFund Vintage Committed Circulate Capital Latin America and Caribbean (LAC) Fund - - 
Chevron Phillips Chemical1 fundFund Vintage Committed Circulate Capital Latin America and Caribbean (LAC) Fund - - 
IDB Lab1 fundFund Vintage Committed Circulate Capital Latin America and Caribbean (LAC) Fund - -
What they claim to have backed
From their own portfolio page (on their website)
0 of 30 we have independently watched raise
AchmeainvestmentmanagementAdiAlign ImpactBlueskygivingBuilders VisionCHANELChevron Phillips ChemicalDOWDanoneEden ImpactEibEmcafHuang Chen FoundationImpact CapitalImpactfundInternational Finance CorporationJebsen and JessenMinderoo FoundationMondelēz InternationalNorth East GroupPepsicoProctor & GambleProparcoRumah GroupSK2 fundThe Coca-Cola CompanyTwynamU.S. International DevelopmentUnileverWire-group
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.