The recycling-focused Closed Loop Fund has secured funding from Amazon, following earlier commitments by a host of other corporates.

E-commerce and internet technology company Amazon has committed $10m of capital to US-based social impact vehicle Closed Loop Fund to fuel the development of recycling infrastructure.

Closed Loop Fund was formed in 2014 to provide funding for ideas that support the circular economy and ultimate increase recycling rates in the US. It is managed by parent firm Closed Loop Partners.

Closed Loop Partners has already been backed by corporate investors including retail group Walmart, manufacturing conglomerate 3M, beverage producers Coca-Cola,…