CI

Circulate Capital

VC
SingaporeWebsite

Circulate Capital is a Seed, Series A venture capital firm based in Singapore investing in Healthcare, Fintech, AI / ML. The firm typically writes $500K–$3.0M checks and has 25 portfolio companies in our records.

Check size
$500K–$3.0M
Portfolio
25 companies on record
Partners
17 listed
AUM
$265M
Stage
Seed, Series A
Sectors
Healthcare, Fintech, AI / ML
HQ
Singapore

Last verified: 2026-05-22

How to approach: cold outreach ok
Stage

Seed, Series A

Check Size

$500K – $3.0M

AUM

$265M

Portfolio

25+ companies

Team

17 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

Circulate Capital brings environmentally-sustainable and financially inclusive investment, focusing on scalable regional innovations across South and Southeast Asia.

How Circulate Capital invests

Circulate Capital is a vc firm based in Singapore. The firm invests at the Seed, Series A stages, with a focus on Healthcare, Fintech, AI / ML. It does not invest in Pure Consumer.

Circulate Capital typically writes checks of $500K–$3.0M per investment, backed by approximately $265M in assets under management.

Circulate Capital has backed 25 companies in our records, including Waste2Worth, Lucro, Nepra.

Partners & Team

EM

Ellen Martin

Chief Impact Officer

SP

Saurabh Pareek

Investment Director

ED

Elizabeth Dunne

Creative Director

NA

Nataly Acosta

Investor Relations Manager

CL

Claire Lim

Impact Strategy Manager

VS

Veer Shah

Senior Investment Manager

EH

Ernesto Hanhausen

Senior Advisor

VJ

Vikram Joshi

Investment Director

India
deal execution
value creation
JP

Janavi Papriwal

Associate Partner

South Asia
deal origination
private equity / VC
RK

Rob Kaplan

Partner

Southeast Asia
Financing
Innovation
WH

Wolfgang Hafenmayer

Founding Partner & Investment Partner, South Asia & Innovation

South Asia
innovation
impact investing
RS

Regula Schegg

Founding Partner, CFO & CCO

finance
compliance
governance
CW

Caroline Wee

Investment Partner, Southeast Asia (Fund I)

Southeast Asia
private equity
growth-stage
DH

Dondi Hananto

Investment Partner, Southeast Asia

Indonesia
southeast asia
recycling solutions
PC

Patricia Cordeiro

Investment Partner, LAC

Latin America & Caribbean
M&A
business development
PP

Prashant Purohit

Associate Partner, South Asia

South Asia
investment banking
ESG
VA

Valerie Aizpuru

Investment Director, LAC

Latin America & Caribbean
VC/PE
impact investing

Industry Focus

Invests In

Healthcare
Fintech
AI / ML

Does Not Invest In

Pure Consumer

Portfolio Companies (25)

Other

WA

Waste2Worth

Circular Fintech
LU

Lucro

NE

Nepra

SR

Srichakra Polyplast

RE

Recykal

RI

Ricron Panels

DA

Dalmia Polypro

AC

ACE Green Recycling

RE

Reciki

PR

Prevented Ocean Plastic Southeast Asia

How to pitch Circulate Capital
  • Raising at Seed, Series A? You're squarely in their sweet spot.
  • Lead with your fit in Healthcare, Fintech, AI / ML — the sectors they actively back.
  • Size your ask to their typical $500K – $3.0M check.
  • cold outreach ok
  • Address your outreach to a specific partner, such as Ellen Martin, Chief Impact Officer.
  • A warm introduction beats a cold email. Get matched and request an intro.

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