Circularity Capital

Circularity Capital is a specialist private equity firm headquartered in Edinburgh, United Kingdom that invests in European growth-stage, small- to medium-sized enterprises (SMEs) modeled on the circular economy. Circularity Capital was founded in 2015 by partners Ian Nolan, David Mowat, Andrew Shannon, and Jamie Butterworth. The firm's stated mission is "to deliver value for investors by supporting SME growth and innovation in the circular economy."

Investors in Circularity Capital's fund include financial institutions, global corporations, and leading family offices. The firm seeks to invest in growth-stage European SMEs modeled on the circular economy with software, technology, and processes that drive asset productivity in the logistics, food production, e-commerce, and subscription services sectors. This circular economic model relies on the production of sustainable, biologically-based products that are biodegradable and reenter the ecosystem or can be reused economically, aiming to reduce the amount of waste produced by the consumer economy. The firm seeks to invest in companies that create value from a clearly defined range of curricular activities, which it has identified as: product to product, product as a service, product from waste, circular design, and enabling solutions.

Circularity Capital has invested in Grover, PackBenefit, Shark Solutions, Winnow, Green Home Group, and ZigZag Global. Its notable exits include ZigZag Global