# Circulate Capital: portfolio, investments and team > Circulate Capital is a vc firm based in Singapore. 3 investments on record, 2 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/circulate-capital (Millionrounds; every figure on the page links to its filing or article) Singapore · [Investor](https://millionrounds.com/investors) # Circulate Capital Last cheque observed Sep 2026; 3 cheques on record. Email VC firm Deploying now New fund $219M, Mar 2026 Seed Series A Series B Fintechs Wealthtech Financial Services Follow Circulate Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcirculate-capital) Deploying now **100%** of best year **2** **cheques in 12 months**, 3 on record Since the last cheque **51** days **00** hrs **00** min **00** sec Median round **$6.8M** Rounds led **2 of 3** Sole investor **2 rounds** Pitch Circulate Capital ## 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:** Seed Series A Series B - **Sectors:** Fintechs Wealthtech Financial Services - **Based in:** Singapore, Singapore - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **3 appearances** - **2026** 1 round - **Sept** **[Jayachandran Global Refineries Pvt. Ltd. (JC Global)](https://millionrounds.com/company/jayachandran-global-refineries-pvt-ltd-jc-global)** Growth · IN · Circulate Capital **$9.5M** *Led* - **2025** 1 round - **Dec** **[See Hau Global](https://millionrounds.com/company/see-hau-global)** MY · Circulate Capital **Undisclosed** *Led* - **2024** 1 round - **Oct** **[Earthodic](https://millionrounds.com/company/earthodic)** Seed · AU · Startup Daily **$4.0M** With 10 others 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 registration **5 named** AL **Allard Lieuwke De Ira Jong** Director i Filing they signed EI **Ernesto Ira Hanhausen** Mr. Hanhausen is a Principal i Filing they signed RM **Regula Maria Schegg** Ms. Schegg is a Strategic Principal of the Issuer and a Director of the Investment Manager i Filing they signed RI **Robert Ira Kaplan** Mr. 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 Manager i Filing they signed WM **Wolfgang Maria Hafenmayer** Mr. Hafenmayer is a Strategic Principal i Filing 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 **$451M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture 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. - [**Danone** 2 funds](https://millionrounds.com/fund/danone) Fund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - - [**DOW** 2 funds](https://millionrounds.com/fund/dow) Fund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - - [**Builders Vision** 2 funds](https://millionrounds.com/fund/builders-vision) Fund Vintage Committed Circulate Capital Circulate Capital Asia II - - Circulate Capital Latin America and Caribbean (LAC) Fund - - - [**Unilever** 1 fund](https://millionrounds.com/fund/unilever) Fund Vintage Committed Circulate Capital Latin America and Caribbean (LAC) Fund - - - [**Chevron Phillips Chemical** 1 fund](https://millionrounds.com/fund/chevron-phillips-chemical) Fund Vintage Committed Circulate Capital Latin America and Caribbean (LAC) Fund - - - [**IDB Lab** 1 fund](https://millionrounds.com/fund/idb-lab) Fund 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 Achmeainvestmentmanagement Adi Align Impact Blueskygiving Builders Vision CHANEL Chevron Phillips Chemical DOW Danone Eden Impact Eib Emcaf Huang Chen Foundation Impact Capital Impactfund International Finance Corporation Jebsen and Jessen Minderoo Foundation Mondelēz International North East Group Pepsico Proctor & Gamble Proparco Rumah Group SK2 fund The Coca-Cola Company Twynam U.S. International Development Unilever Wire-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. New fund on file **$219M** raised in Mar 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$6.8M** the round, not its cheque Alone, median **$9.5M** Led 2 of 3 rounds **67%** - **Sole investor:** 2 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Growth *1* - Seed said *1* - Series A said *-* - Series B said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Circulate Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Circulate Capital put money into. [**Earthodic** $4.0M · Oct 2024](https://millionrounds.com/company/earthodic) ## Quick answers about Circulate Capital ### 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. ### How active is Circulate Capital? 3 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Sept 2026. ### What has Circulate Capital invested in recently? Its most recent investments on record: Jayachandran Global Refineries Pvt. Ltd. (JC Global) (Growth, Sept 2026), See Hau Global (Undisclosed round, Dec 2025) and Earthodic (Seed, Oct 2024). ### How big are Circulate Capital's cheques? The median round it joins is $6.8M. ### Is Circulate Capital investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### What kind of investor is Circulate Capital? Circulate Capital is a VC firm based in Singapore, Singapore. ### How much does Circulate Capital manage? About $451M, as gross assets of its private funds (Oct 2026). ### Has Circulate Capital raised a new fund? Its latest fund filing with the SEC was in Mar 2026, reporting $219M raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=circulate-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=circulate-capital)