I'm looking for investors who have a "regenerative finance" (ReFi) or "circular economy" thesis.

Yes. If you’re fundraising for a company with a genuine ReFi / circular-economy thesis, there’s a fairly concentrated set of investors worth targeting. I’d separate them into direct-fit specialists and broader climate/impact funds.

Strongest direct fits

Closed Loop is particularly interesting because it isn't just a VC: its platform covers venture capital, private equity, catalytic capital and private credit, and it says it has made 120+ circular-economy investments.

Circularity Capital is another unusually clean match. Its stated investment themes are circular use models, circular products & materials, and enabling solutions, and it specifically looks for commercially proven European circular businesses.

For an early-stage climate startup, Satgana is worth putting high on the list: its Fund I is an Article 9 fund and explicitly names circular economy as its second investment priority after climate mitigation.

If your "ReFi" means regenerative agriculture / ecological finance

I'd broaden the search beyond investors literally using the term ReFi. Some of the best prospects will describe themselves as regenerative agriculture, natural capital, biodiversity, climate adaptation, carbon removal, nature-based solutions, or ecological finance.

Regen Network is particularly relevant as an ecosystem: its infrastructure is designed to connect capital with verified regenerative outcomes, including ecological health, biodiversity, water quality and land stewardship.

If your company is more circular-economy than crypto/ReFi

I'd prioritize:

1. Closed Loop Partners
2. Circularity Capital
3. Satgana
4. Circulate Capital
5. Broader climate-tech / resource-efficiency / industrial-tech funds

The distinction matters: ReFi can signal Web3/tokenization/ecological-credit infrastructure to investors, whereas circular economy can encompass very conventional businesses such as reuse, refurbishment, recycling, resource efficiency and alternative materials.

For example, Satgana's portfolio includes refurbished electronics, e-bike refurbishment, plastic-waste-to-housing, food-waste reduction and circular protein businesses.

I can make this much more useful for fundraising

If you tell me (1) what your company does, (2) stage/round, (3) geography, and (4) how much you're raising, I can build you a target list of ~30–50 investors, ranked by fit, including:

• investor
• partner to contact
• thesis
• relevant portfolio companies
• stage/check size
• geography
• why they're a fit for your company
• website / contact route
• a suggested warm-intro path

That would be more actionable than a generic ReFi investor list.

If you tell me (1) what your company does, (2) stage/round, (3) geography, and (4) how much you're raising, I can build you a target list of ~30–50 investors, ranked by fit, including:

• investor
• partner to contact
• thesis
• relevant portfolio companies
• stage/check size
• geography
• why they're a fit for your company
• website / contact route
• a suggested warm-intro path

That would be more actionable than a generic ReFi investor list.

Regen Network is particularly relevant as an ecosystem: its infrastructure is designed to connect capital with verified regenerative outcomes, including ecological health, biodiversity, water quality and land stewardship.

If your company is more circular-economy than crypto/ReFi

Navigating the landscape of Regenerative Finance (ReFi) and the Circular Economy means looking across two slightly different, overlapping investor pools:

• Web3/Crypto-native ReFi funds (which focus on on-chain MRV—Measurement, Reporting, Verification—tokenized carbon, and biodiversity credits).
• Circular Economy / Regenerative Ag VCs (which focus on systemic material loops, waste reduction, soil health, and supply chain redesign).

Prominent investors and funds actively deploying capital with these explicit theses include:

1. Circular Economy & Waste/Materials Specialists

• Closed Loop Partners : One of the premier investment firms globally focused strictly on the circular economy. They run venture capital, growth equity, and project finance strategies targeting supply chain optimization, zero-waste infrastructure, and new material sciences.
• Circular Innovation Fund : A global growth-stage fund (backed by managers like Cycle Capital and Demeter) focused exclusively on circular innovations, including circular packaging, advanced recycling, and eco-efficient industrial processes.

2. Regenerative Agriculture & Food Systems

• Trailhead Capital : A dedicated venture capital investor focusing specifically on regenerative agriculture and food system transformation, backing technologies and startups that restore soil health and biodiversity.

3. Web3 & Crypto-Native ReFi (Regenerative Finance)

• Note: The crypto/Web3 ReFi venture ecosystem heavily supports tokenized natural capital, MRV tools, and impact DAOs.
• Celo Ecosystem / Climate Collective : While not a traditional VC fund, the Celo blockchain ecosystem acts as an incubator and grant-giver for a massive cluster of ReFi projects and aligned micro-funds focusing on natural capital-backed currencies and carbon markets.
• Outlier Ventures (Base / Base Camp accelerators) : Frequently run specialized climate/ReFi accelerator tracks supporting early-stage regenerative crypto-economic loops.

If you'd like to narrow this down, tell me:

• Are you building a Web3/crypto-native protocol (tokenized credits, MRV) or a traditional physical business/hard-tech (circular materials, regenerative ag)?
• What is your current funding stage (pre-seed, seed, growth)?

I can tailor this list to the exact check sizes and stage focus you need.

Absolutely. There’s a fairly strong specialist investor ecosystem here, but it splits into a few different buckets: pure-play ReFi/regenerative investors, circular-economy VCs, and broader climate/impact funds that are unusually receptive to these theses.

Here’s a shortlist I’d start with, based on current investment activity and stated theses:

Strongest circular-economy fits

• closedlooppartners.com — Probably one of the clearest matches. Dedicated to accelerating the circular economy, with venture, private equity, catalytic capital and private-credit strategies. Their focus includes resource efficiency, waste reduction, reuse, recycling and circular infrastructure.
• circulatecapital.com — Dedicated circular-economy investor, particularly strong in plastics, packaging, recycling and circular supply chains in South and Southeast Asia. Its new Asia Fund II had a $220M first close in 2026.
• circularitycapital.com — Specialist investor focused specifically on businesses enabling the circular economy, including resource efficiency and circular business models.
• circularinnovationfund.com — Global growth-stage VC explicitly focused on circular innovation: new materials, eco-efficient processes, waste, packaging, logistics, recycling and circular business models.
• archipelagoventures.vc — Particularly interesting for hard tech/materials. Invests in early-stage technologies addressing material circularity across plastics, metals and fibers, including recovery and transformation.
• wastevc.com — Seed through Series B investor focused on waste, recycling and circular-economy infrastructure, including e-waste, batteries, chemical recycling and waste operations.

More explicitly regenerative / ReFi

• cycleffect.earth — One of the more literal matches to your wording: it describes itself as investing in the circular and regenerative economy, with a model spanning investment, strategic support and ecosystem building. It has a presence in Boulder and NYC.
• seabirdventures.fund — Early-stage VC around the regenerative blue economy, with a thesis covering circular economy, ocean resilience, sustainable aquaculture and maritime decarbonization.

Other investors worth investigating

There are also a number of funds whose thesis isn't necessarily labeled "ReFi" but overlaps heavily with it—particularly natural capital, climate adaptation, regenerative agriculture, biodiversity, sustainable materials, carbon markets and resource efficiency.

For example, the circular-economy ecosystem includes funds such as SHIFT Invest, Una Terra, Theia Ventures, Impact Shakers, Oyster Bay VC, SlateVC and Footprint Firm.

A useful distinction

If you're fundraising, I'd not pitch all of these investors with the same "ReFi/circular economy" framing.

I'd segment them roughly as:

One interesting signal is that circular-economy capital is increasingly moving beyond traditional ESG into industrial/resource-security investing. Recent funding has been particularly concentrated in battery recycling, critical-material recovery and industrial recycling, while specialist funds are positioning circularity as a source of supply-chain resilience.

If you tell me what you're building, stage (pre-seed/seed/Series A/etc.), geography, and approximate raise size, I can narrow this to 15–25 highly relevant investors, with partner names, thesis, typical check size, relevant portfolio companies, and how I'd rank your likelihood of getting a meeting.

Finding investors with a dedicated Regenerative Finance (ReFi) or Circular Economy thesis depends largely on whether your solution is Web3/crypto-native (tokenized carbon, decentralized MRV, on-chain natural assets) or hard-tech/real-world assets (circular supply chains, regenerative agriculture, waste-to-value infrastructure).

Prominent investors and funds active in these spaces are organized below by their specific focus areas:

1. Circular Economy & Waste-to-Value VCs

• Closed Loop Partners : A prominent investor building circular economy infrastructure, investing in sustainable materials, recycling technologies, and supply chain innovations globally. Explore their approach via Closed Loop Partners.
• Circular Innovation Fund : Focused strictly on growth-stage companies across North America, Europe, and Asia tackling the global waste crisis, new circular materials, and eco-efficient supply chains. Learn more at Circular Innovation Fund.
• SOSV : Multi-stage VC that aggressively backs deep-tech and hardware solutions addressing planetary health, waste reduction, and sustainable manufacturing via programs like IndieBio and HAX.

2. Regenerative Agriculture & Food Systems VCs

• Trailhead Capital : Backs early-stage entrepreneurs building the regenerative future of food, soil health, and agriculture tech rather than relying on external corporate offsets. Check out Trailhead Capital.
• Dirt Capital Partners : Provides patient, flexible capital and transition finance for land stewardship and farmers shifting toward regenerative agricultural practices in North America.
• Potlikker Capital : An impact investor focusing on equitable food systems, regenerative ag, and community-centric food enterprises in the U.S.

3. Web3 & Crypto-Native ReFi Ecosystems

• Celo Ecosystem / Climate Collective : A mobile-first layer-1 blockchain ecosystem with massive alignment toward ReFi, backing projects that use stablecoins and on-chain carbon pools for local ecological and regenerative incentives.
• Regen Network : Functions both as a Cosmos-based blockchain infrastructure and a network supporting ecological state claims (soil carbon, biodiversity data) with deep ties to web3 climate capital.

To help narrow this down to the right fit, could you share:

• Is your project Web3/token-based (ReFi) or brick-and-mortar/hardware/ag-tech (Circular Economy)?
• What is your current stage (Pre-seed, Seed, Series A)?

Several prominent venture capital firms, growth funds, and accelerators explicitly focus on a regenerative finance (ReFi), natural capital , or circular economy thesis:

• Regeneration.VC : An early-stage VC fund focused entirely on consumer-powered climate innovation, specifically targeting circular and regenerative approaches across design, use, and reuse.
• Closed Loop Partners : A leading investment firm and innovation center dedicated to the circular economy, managing venture capital (Closed Loop Ventures), growth equity, and project finance for scalable circular infrastructure.
• Circular Innovation Fund (CIF) : A global growth-stage VC fund (backed by Cycle Capital and Demeter) focused exclusively on circular innovations, new materials, and single-use waste reduction.
• Circulate Capital : Focuses on mobilizing institutional capital to invest in scalable circular economy and recycling solutions, particularly addressing plastic waste and climate resilience in emerging markets.
• Circularity Capital : A specialist private equity/growth manager supporting companies that design out waste, circulate materials, and innovate within the circular economy framework.
• Alante Capital : Invests at the pre-seed, seed, and Series A stages in technologies and business models transforming retail, fashion, and consumer goods toward circularity.
• Katapult : An impact-tech investor with a strong vertical focus on the circular economy, ocean health, and sustainable systems.

If you'd like, tell me more about your startup:

• What stage are you raising for (Pre-seed, Seed, Growth)?
• Which specific vertical are you in (e.g., circular materials, waste-to-value, ReFi/Web3 carbon markets)?

I can help you tailor your pitch angle or narrow down the best-fit partner from this list.

Yes. I’d split the market into true ReFi investors (where regeneration/alternative financial systems are central) and broader climate/circular-economy VCs that are highly relevant if your company is ReFi-adjacent.

Strongest matches

Other investors I'd put on the list

• Amasia — has an explicit Circular Economy thesis alongside sustainable supply chains, cities, clean energy and sustainability data. Particularly relevant for behavior-change and emerging-market models.
• Planet A Ventures — European climate VC with a thesis spanning waste prevention, resource efficiency and biodiversity, and has backed companies such as The Landbanking Group and Goodcarbon.
• Pale Blue Dot — climate-tech VC investing across Europe and the US; a good broader climate investor if your ReFi thesis is implemented through software/infrastructure rather than pure Web3.
• Draft Ventures — unusually relevant for the Web3/ReFi side. David Rodriguez has publicly discussed an investment thesis around ReFi, climate software and impact fintech.
• Superorganism — early-stage biodiversity/nature-positive investor whose thesis includes circular economy, conservation, climate and natural-capital technology.
• Circulate Capital — particularly strong for circular materials, plastics, packaging and emerging-market circular supply chains. Its 2026 Asia Fund II raised a $220M first close toward a $300M target.

If you're specifically building a Web3 ReFi company

I'd prioritize a somewhat different list:

1. Draft Ventures
2. Ternel
3. Radicle Impact
4. Planet A
5. Pale Blue Dot
6. Seabird Ventures (especially nature/ocean)
7. Crypto-native climate investors that have backed carbon-market / ReFi infrastructure

The distinction matters because “ReFi” has two overlapping meanings: the broader regenerative-economy investment philosophy, and the more specific Web3/blockchain movement involving tokenized environmental assets, on-chain carbon markets, decentralized coordination, etc. Ethereum's current ReFi overview explicitly frames it around building regenerative rather than extractive economic systems, while recent ReFi data suggests institutional funding is still relatively scarce.

A particularly useful shortlist

If your objective is actually finding investors to pitch, rather than just mapping the ecosystem, I'd start with:

Ternel · Radicle Impact · Closed Loop Partners · Circular Innovation Fund · ECBF · Planet A · Draft Ventures · Seabird Ventures · Circulate Capital · Amasia

I can also turn this into a 20–30 investor prospect list with partner names, check sizes, stage, geography, relevant portfolio companies, and contact/pitch links—which would be much more useful for fundraising outreach.

Absolutely. If you're looking for investors whose actual investment thesis is ReFi, regenerative economy, circular economy, resource efficiency, or adjacent climate/impact themes, I’d start with the following.

Strongest matches

These aren't just investors that happen to have one "green" company in the portfolio. For example, Closed Loop Partners describes itself as dedicated to accelerating the transition to a circular economy, while Circular Innovation Fund says it focuses exclusively on circular innovation.

Particularly interesting depending on what you're building

If "ReFi" means blockchain / on-chain climate & nature finance:
Unicorn India Ventures is one of the most explicit matches I found. Its published thesis specifically calls out blockchain projects addressing climate change, biodiversity loss, resource scarcity and underlying socioeconomic/institutional structures.

If you're building a physical circular-economy company:
I'd prioritize Closed Loop Partners, Regeneration.VC, Circular Innovation Fund, ECBF, and Reuseful. Their theses cover everything from alternative materials and recycling to bioeconomy, waste-to-value and circular supply chains.

If you're consumer-facing:
Regeneration.VC is especially compelling. Its current strategy explicitly targets companies transforming brand-led value chains and looks for Seed/Series A companies with commercial validation, scalable economics and measurable environmental outcomes.

If you're in Europe / bioeconomy:
ECBF is probably one of the best targets. It calls itself the specialist VC for a regenerative economy and now explicitly incorporates biodiversity, circularity and system-level transformation into its impact framework.

A few more worth putting on the radar

• M1C (Mission 1 Capital) — has published a specific circularity investment thesis around resource efficiency, waste-to-value and circular supply chains.
• Baird Capital — broader industrial technology/sustainability investor, but explicitly includes circular economy in its investment thesis.
• Pampos Ventures — explicitly backs circular economy, waste-to-value, alternative materials and supply-chain transparency, with an emphasis on measurable ROI.
• Circularity Capital — specialist circular-economy PE investor covering circular use models, products/materials and enabling solutions. It appears in research surveying dedicated circular-economy funds.

My suggested priority list

If you're raising a venture round, I'd probably rank the outreach roughly:

Tier 1 — thesis-perfect

1. Regeneration.VC
2. Closed Loop Partners
3. Circular Innovation Fund
4. Reuseful
5. ECBF

Tier 2 — strong thematic fit 6. Amasia 7. M1C 8. Aleph Venture Platform 9. Pampos Ventures 10. Baird Capital

Tier 3 — specifically for blockchain/ReFi 11. Unicorn India Ventures

One important distinction: "regenerative finance" is used in two fairly different ways. In the crypto/Web3 world, ReFi often means blockchain-enabled carbon, biodiversity, public goods and regenerative systems. In the broader impact-investing world, "regenerative economy" can mean bioeconomy, circularity, regenerative agriculture and restoring natural systems. The investor pool changes substantially depending on which one you mean.

If you tell me what you're building, stage, geography, and target raise/check size, I can narrow this to 20–30 highly relevant investors, with partner names, recent investments, check sizes, and links for outreach.

Investors focusing on Regenerative Finance (ReFi) or the circular economy generally split into two categories: Web3/Crypto-native ReFi funds (which use decentralized ledgers, tokenization, and carbon/natural asset markets) and Climate/Circular Tech VC funds (which focus on supply chain redesign, waste elimination, and materials science).

Active investment firms aligned with these theses include:

• Regeneration.VC — An early-stage venture fund focused on consumer-powered climate innovation, specifically targeting the shift from linear to circular economies across design, use, and reuse (backed by advisors like Leonardo DiCaprio).
• Closed Loop Partners — A prominent investment firm managing venture capital, private equity, and catalytic private credit dedicated entirely to scaling circular economy solutions, waste-free systems, and resource efficiency.
• Circulate Capital — An investment management firm scaling circular supply chains, advanced recycling infrastructure, and disruptive material innovations globally.
• Web3 ReFi/Climate Protocols & DAOs — If your project involves tokenized real-world assets (RWAs), carbon markets, or on-chain public goods coordination, crypto-native entities like Gitcoin (grants/quadratic funding for public goods) or specialized climate DAOs and accelerators active in the Ethereum/Solana ecosystem frequently deploy capital into these spaces.

To help narrow down the right targets, tell me:

• Is your project Web3/crypto-native (using tokenization or smart contracts) or hard-tech/supply chain focused?
• What stage of funding are you currently raising (Pre-seed, Seed, Series A)?

If you are looking for investors with a Regenerative Finance (ReFi) or circular economy thesis, I’d separate them into a few categories: dedicated ReFi/climate funds, circular economy specialists, broader impact VCs, and strategic/corporate investors. ReFi generally overlaps with climate, ecosystem restoration, carbon markets, regenerative agriculture, Web3 coordination tools, and nature-positive infrastructure.

Dedicated circular economy investors

ReFi / regenerative systems investors

Climate + impact VCs that often fit ReFi/circular founders

• Prime Coalition — climate-focused investment network supporting early-stage climate technologies.
• Third Sphere — early-stage climate investor with interest in systems change.
• S2G Investments — invests in sustainable food, energy, and oceans systems.
• The Production Board — relevant for food, agriculture, biology, and industrial transformation.
• Collaborative Fund — invests in climate, food, and sustainability themes.

Circular economy funds with European focus

• SHIFT Invest — invests in climate, sustainability, circular economy, and food/agriculture innovation.
• Eurazeo Planetary Boundaries Fund — targets companies operating within ecological limits, including regenerative and circular economy themes.
• Una Terra — focuses on sustainability, circular economy, and nature-positive growth.

Angel / family office / mission-aligned capital

Some relevant networks:

• Climate Capital — climate-focused investors and syndication.
• Elemental Excelerator — invests in climate solutions with deployment potential.
• Builders Vision — impact-oriented capital across climate, oceans, food, and communities.

How I’d narrow the list

The best matches depend heavily on your company:

• Carbon credits / ecological assets / Web3 ReFi → Regeneration.VC, Toucan ecosystem investors, Celo ecosystem, climate crypto funds.
• Recycling, materials, packaging, waste-to-value → Closed Loop Partners, Circulate Capital, WasteVC, Regeneration.VC.
• Regenerative agriculture / food systems → S2G, The Production Board, Lowercarbon, climate-food funds.
• Nature restoration / biodiversity → impact funds, family offices, conservation finance investors.
• Circular consumer products → Regeneration.VC, Collaborative Fund, Closed Loop Partners.

If you share your stage (pre-seed/seed/Series A), geography, sector (e.g., materials, food, carbon, biodiversity, waste, Web3), and target check size, I can narrow this into a more actionable investor list with partner names and likely fit.

Investors focused on Regenerative Finance (ReFi) and the Circular Economy generally fall into two distinct camps: Web3/crypto-native funds focused on tokenized environmental assets and decentralized infrastructure, and climate/impact tech VCs focused on physical supply chains, waste reduction, and restorative systems.

Active investors and funds aligned with these theses include:

• Web3 & Crypto-Native ReFi Investors
  • Regen Network : Operating as both a layer-1 blockchain and an ecological ledger/marketplace, they specifically back and incubate ecological assets and regenerative land-use projects.
  • Protocol Labs / Filecoin Green : Active backers of web3 infrastructure that measure, verify, and decentralize climate data, renewable energy tracking, and natural capital.
  • Framework Ventures & Multicoin Capital : While broader crypto generalists, they frequently explore novel token economic models, decentralized marketplaces, and real-world asset (RWA) tokenization that intersect with carbon and climate markets.
• Circular Economy & Infrastructure VCs
  • Circulate Capital : Focused heavily on scaling the circular economy, investing in waste management, recycling infrastructure, and circular supply chain innovations across high-growth global markets.
  • Planet A Ventures : A Europe-based climate tech fund deeply focused on hard science, carbon lifecycle analysis, and circular economy modeling in manufacturing and materials.
  • SOSV : A multi-stage deep tech and hardware investor whose Brinc/HAX accelerators frequently back circular economy hardware, alternative materials, and waste-to-value startups.
  • Congruent Ventures & Lowercarbon Capital : Prominent climate-first venture firms that back systemic shifts in resource usage, carbon capture, and regenerative agriculture or industrial loops.

To help narrow down the right targets, tell me:

• Is your project Web3/blockchain-based (tokenization, on-chain MRV) or physical/deep tech (hardware, supply chain, materials)?
• What is your current fundraising stage (pre-seed, seed, or venture scale)?