The Ocean 14 Capital fund, which focuses exclusively on the multi-trillion-dollar ‘blue economy’, has received a commitment of €10 million from the Constitutional Reserve Fund of Monaco to support its mission of funding sustainable solutions to improve ocean health.
The Ocean 14 Capital fund, which focuses exclusively on the multi-trillion-dollar ‘blue economy’, has received a commitment of €10 million from the Constitutional Reserve Fund of Monaco to support its mission of funding sustainable solutions to improve ocean health.
With this backing, Ocean 14 Capital’s €150 million impact fund is on track to invest in eight companies this year, and to grow its portfolio to between 20 and 25 businesses within three years.
Following the Principality of Monaco’s €10 million commitment from the sovereign wealth fund, the private equity firm has now raised €100 million since launching its growth-stage impact fund in December 2021.
Using the United Nations Sustainable Development Goal number 14: Life Below Water as a guiding principle, Ocean 14 Capital is searching for entrepreneurs and businesses with big ideas around aquaculture and alternative proteins, reducing plastic waste pollution, protecting ecosystems and marine flora, and ending overfishing.
The Ocean 14 Capital Fund previously completed a €80 million first close in December 2021, with backers including the European Investment Fund (EIF), Chr. Augustinus Fabrikker, Builders Vision, Minderoo Foundation, and British businessman Alex Beard and Swedish entrepreneur Niklas Zennström.
