Director of Investments · Overlay Capital · Waste & Materials Fund

Elizabeth
Blankenship
Singh

The world's most abundant untapped resource isn't underground. It's in the bin. Investing at the intersection of material science, AI, and circular systems.

Explore the thesis
Waste & Materials Investing AI-Driven Sortation Circular Economy Next-Gen Biomaterials Misallocated Feedstocks Overlay Capital Low-Carbon Materials Price Parity Thesis Waste & Materials Investing AI-Driven Sortation Circular Economy Next-Gen Biomaterials Misallocated Feedstocks Overlay Capital Low-Carbon Materials Price Parity Thesis
§ 01 — Philosophy
"What we call waste is really just misallocated feedstock waiting to be cycled back into new products."

— Elizabeth Blankenship-Singh, Sustainability In Your Ear

The U.S. is simultaneously the world's leading exporter of scrap aluminum and its number one importer of finished aluminum. That paradox isn't an anomaly — it's the thesis.

Every company in this portfolio must be better, faster, and cheaper than what it replaces — using the feedstocks everyone else discards. That constraint isn't a limitation. It's the moat.

§ 02 — Investment Thesis
Fix the Bottleneck

AI-driven robotics applied to materials recovery facilities unlocks purity, volume, and margin across the entire downstream value chain.

Waste-Derived Feedstocks

The best raw material is the one you don't have to mine. Chitin, cellulose, CO₂ — abundance from what others discard creates durable pricing power.

Price Parity as Moat

Every portfolio company must reach price parity with its incumbent — without subsidies. Sustainability alone doesn't close deals.

Full Maturity Curve

The Waste & Materials Fund backs both early-stage materials innovators and later-stage recycling operations. Patient capital across the curve captures the full value chain.

Hard Tech, Scalable Systems

Novel molecules and processes need to be manufacturable at industrial scale. We invest when the science is de-risked and the scale-up path is visible — not just theorized.

Municipal + Corporate Pull

The best deals carry both a regulatory tailwind and a paying commercial customer. One without the other is fragile.

§ 03 — Selected Portfolio
001
AMP Robotics

AI-driven robotic sortation for materials recovery facilities.

AI · Robotics
Growth Stage
002
Cruz Foam

Compostable packaging foam made from chitin — a scalable alternative to EPS.

Biomaterials
Early Stage
003
Simplifyber

Biodegradable soft goods from cellulose via 3D molding. Zero-cut, zero-waste.

Textiles
Early Stage
004
Terra CO₂

Low-carbon cement using waste-derived feedstocks. $124M Series B.

Hard Materials
Series B
§ 04 — Background
2024—
Present

Director of Investments

Overlay Capital · Atlanta, GA

Leading the Waste and Materials Fund across early- and later-stage companies in circular materials.

Prior

Investor

Two Early-Stage Climate Tech VC Funds

Deployed capital across materials, energy, and the built environment. Built diligence frameworks for hard tech and manufacturing-scale companies.

MBA

MBA — Innovation for Sustainability

UVA Darden School of Business

Lee R. Johnston Entrepreneurial Scholar · 1st Place, UVA Entrepreneurship Cup 2022 · Kathryne Carr Award for Entrepreneurial Excellence.

§ 05 — Let's Talk

Other people's
trash is
my alpha.