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

When looking for investors explicitly aligned with Regenerative Finance (ReFi) or a circular economy thesis, the landscape generally splits into three major buckets: Web3/crypto-native ReFi funds, specialized climate/circular economy VCs, and regenerative agriculture/land-use impact funds.

A categorized breakdown of active funds and investors who back these specific paradigms includes:

1. Web3-Native & Blockchain ReFi Funds

• Flori Ventures: Deeply active in the web3 space focusing on regenerative finance, financial inclusion, and web3 applications supporting real-world change (frequently backing projects in emerging markets and the Celo ecosystem).
• Celo Ecosystem / Climate Collective: While not a traditional VC fund, the Celo community and coalitions like the Climate Collective act as an umbrella of aligned web3 investors, grants, and syndicates dedicated entirely to on-chain ReFi, carbon markets, and natural capital.

2. Circular Economy & Sustainability VCs

• Circulate Capital: A prominent impact investment firm specifically focused on the circular economy, waste management, and recycling infrastructure (with major funds targeting Asia and global scalable solutions).
• Ecosystem Integrity Fund (EIF): Focuses on sustainability, environmental innovation, and circular business models that improve resource efficiency and waste reduction.
• Amasia: A thesis-driven VC firm investing in sustainability and climate tech, focusing heavily on behavior change, resource constraints, and systemic shifts toward a circular economy.
• Better Ventures: Backs early-stage science and technology startups addressing major environmental and social challenges, including sustainable consumption and circular systems.

3. Regenerative Agriculture & Land-Use Impact Funds

• S2G Ventures: Invests across the food, agriculture, and ocean sectors, with a strong lens toward soil health, regenerative practices, and supply chain transparency.
• SLM Partners: Acquires and manages land using ecological/regenerative management principles, financing transitions to regenerative agriculture.
• Farmland LP & Iroquois Valley Farmland REIT: Focused specifically on acquiring and transitioning conventional farmland to certified organic, regenerative systems using innovative financing structures.
• Renewal Funds: A mission-driven venture capital firm investing in early-growth-stage companies in the plant-based food, zero-waste, and environmental tech sectors across North America.

To help narrow this down, could you share:

• Are you building an on-chain/Web3 ReFi project or a traditional Web2/hardware/infrastructure circular economy company?
• What stage is your raise (Pre-Seed, Seed, Series A)?

Yes. There’s a useful overlap between ReFi/regenerative-economy investors and circular-economy investors, but they tend to fall into different buckets. Based on current fund theses, I’d start with these:

Strongest investor targets

A particularly important distinction

If by ReFi you mean the crypto/Web3 regenerative-finance movement—carbon markets, tokenized ecological assets, regenerative agriculture, biodiversity credits, DePIN, community ownership, etc.—I'd build a separate investor list. Many traditional "regenerative economy" funds use ReFi-adjacent language but aren't actually ReFi investors.

If, instead, you're using ReFi more broadly to mean businesses that regenerate natural/social systems while producing venture-scale returns, ECBF, Closed Loop, Reuseful and similar climate/impact funds become much more relevant.

The market is also getting considerably larger: recent data shows circular-economy financing is increasingly concentrated in areas such as battery/material recycling, chemical recycling, waste infrastructure and resource recovery.

If you tell me your startup's sector, stage, geography, and approximate round size (e.g. “US, pre-seed, $1M, regenerative agriculture + carbon”), I can narrow this to 20–30 investors who are genuinely good targets, including partner names, typical check sizes, relevant portfolio companies, and links to their pitch/application pages.

Yes. If you're fundraising for a company that sits at the intersection of ReFi, regenerative systems, climate, nature, circularity, or resource efficiency, there is a meaningful investor universe—but I’d separate the market into a few buckets.

Strongest matches

More specifically ReFi / Web3

If by ReFi you mean the Web3-native definition—blockchain, tokenized environmental assets, carbon markets, biodiversity finance, regenerative agriculture, decentralized coordination—the investor set changes considerably.

• a16z crypto — invested in Flowcarbon, a major example of venture capital entering tokenized carbon markets; Flowcarbon's financing was reported at $70M.
• Cerulean Ventures — unusually strong thematic fit. Its portfolio includes EthicHub, WattCarbon, Jasmine Energy, Earthbanc and Regen Network, spanning regenerative finance, clean-energy measurement, renewable-energy certificates, nature-based carbon and biodiversity finance.
• Crypto Valley VC / Crypto Valley Labs — has explicitly invested in regenerative finance alongside broader Web3 categories.
• Celo ecosystem — Celo has positioned itself as infrastructure for ReFi and has historically supported the ReFi ecosystem.

One important distinction: “ReFi” is used in two somewhat different ways. The Web3/ReFi community generally means decentralized finance mechanisms for financing ecological regeneration, whereas investors such as Trailhead use “regenerative finance” more broadly to describe conventional venture investing in regenerative agriculture and related systems.

Also worth targeting

There are several climate/generalist funds where circularity is a genuine investment theme even if it isn't in the fund's name. For example, the Ellen MacArthur Foundation's financing research specifically identifies Prelude Ventures, Breakthrough Energy Ventures, Closed Loop Partners, Circulate Capital, Alante Capital and Blue Ocean Partners as investors relevant to circular-economy innovation.

How I'd prioritize them

If you tell me what you're building, I can turn this into a target investor list of ~30–50 firms, ranked by likelihood of investing.

The most useful inputs are:

• What you're building: 1–2 sentences
• Sector: e.g. carbon, biodiversity, agriculture, waste, materials, food, energy, fintech/Web3
• Stage: pre-seed / seed / Series A / later
• Amount raising: e.g. $2M
• Geography: US / Europe / LatAm / global
• Whether you're actually Web3/ReFi: yes/no

I can then give you investor name → thesis → typical stage/check → relevant portfolio companies → geography → why they're a fit → partner to approach, with the highest-probability investors at the top.

How I'd prioritize them

Navigating the landscape of investors focused on Regenerative Finance (ReFi) or the Circular Economy requires looking across two distinct spaces:

1. The Web3 / Crypto-native ReFi ecosystem (tokenized natural assets, decentralized MRV, carbon markets).
2. The ClimateTech / Material Science Circular Economy ecosystem (supply chain optimization, waste-to-value, zero-waste infrastructure).

Dedicated Circular Economy & Systems VCs

• • Regeneration.VC : Backed by high-profile names (including Leonardo DiCaprio), they focus explicitly on early-stage Consumer ClimateTech, centering on circular and regenerative innovations across supply chains, material waste, and resource efficiency.
• • Closed Loop Partners : A major player explicitly dedicated to the circular economy. They manage multiple funds (including Closed Loop Ventures) investing in hardware, software, reverse logistics, and new material sciences that eliminate waste and optimize natural resource efficiency.
• • Other Generalist Climate/Industrial VCs with Circular/Regenerative Sub-theses: Look at funds like Breakthrough Energy Ventures or deep-tech/industrial-focused funds that evaluate heavy resource efficiency.

Web3 & Crypto-Native ReFi (Regenerative Finance) Ecosystems

If your thesis leans on blockchain, tokenization of natural capital, or decentralized protocols driving ecological restoration:

• • Celo : Positioned heavily as a Layer-1 blockchain explicitly targeting "regenerative economics," hosting a vast portion of web3 ReFi dApps and tooling.
• • Crypto Generalists: Major crypto funds like a16z crypto have occasionally backed massive infrastructure plays in this space (e.g., leading funding rounds in carbon market infrastructure like Flowcarbon).
• • ReFi Communities & DAOs: Network hubs like ReFi DAO and platforms like Giveth function as excellent ecosystem directories where smaller aligned micro-funds, syndicates, and grant allocators congregate.

If you can share a bit more about your startup or project:

• Are you building in Web3/Tokenomics (ReFi) or Physical/SaaS Infrastructure (Circular Economy)?
• What stage are you currently raising for (Pre-seed, Seed, Series A)?

I can help narrow down the exact funds or partners best suited to your round size.

Investors focusing on Regenerative Finance (ReFi) and the circular economy span traditional climate tech venture capital, web3/decentralized finance collectives, and specialized impact funds.

Key Investor Categories & Notable Funds

• Dedicated Climate & Circular VCs: Firms that explicitly look at material efficiency, waste elimination, and regenerative systems. Examples include funds tracking the OpenVC Cleantech Directory which index sustainability and circular economy models.
• Web3 & ReFi DAOs / Networks: Communities and micro-econ funds combining decentralized tooling with ecological restoration (often targeting voluntary carbon markets, localized bio-regional financing, and tokenized recycling incentives).
• Impact Growth & Hybrid Funds: Larger institutional funds (such as Lightrock ) that allocate massive pools toward sustainable industrial production and circular assets.

If you share your stage of funding (pre-seed, seed, series A), geographic focus , and whether your solution is software/web3-based or hardware/industrial , I can provide a more tailored list of specific active lead investors.

Absolutely. If you're raising for a company with a ReFi, regenerative, resource-efficiency, waste-to-value, or circular-economy angle, there is a fairly concentrated group of investors worth targeting.

Strongest fits

A useful independent review of the sector also identifies Closed Loop Venture Fund, Circular Innovation Fund, Circulate Capital, Circularity Capital, Taaleri Circular Economy Fund and Future of Plastics Fund among dedicated circular-economy PE/VC vehicles.

If your thesis is specifically ReFi

I'd broaden the search beyond investors literally using the word "ReFi." The most promising categories are:

• Regenerative agriculture / soil / food systems
• Nature-based solutions and biodiversity
• Carbon markets / carbon removal
• Natural-capital and ecosystem restoration
• Waste-to-value / industrial symbiosis
• Circular materials and manufacturing
• Decentralized infrastructure / tokenized environmental assets

The distinction matters because a VC may have a regenerative thesis without calling itself a "ReFi investor."

I can make this much more useful for your fundraising

If you tell me (1) what the company does, (2) stage, (3) amount you're raising, (4) geography, and (5) whether you're looking for equity, project finance, or both, I can build you a target investor list of ~30–50 firms, ranked by fit, with thesis, typical stage/check size, relevant portfolio companies, geography, partner to approach, and official contact/pitch links.

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). [1][2]
• Circular Economy / Regenerative Ag VCs (which focus on systemic material loops, waste reduction, soil health, and supply chain redesign). [1][2]

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. [1]
• 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.[1]

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. [1]

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. [1][2][3]

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)?