Future Planet Capital, an international venture capital and impact investor, has closed a new EUR20 million Blue Ocean mandate aimed at tackling key issues affecting the world’s oceans.
The mandate, which Barclays Private Bank helped implement, will be partnered with the Prince Albert II of Monaco Foundation and the Monaco Government in the context of the Monaco Blue Initiative (MBI) and in the framework of the Monaco Ocean Week, at the end of March.
Managed by Future Planet Capital’s experienced investment team, including Ed Phillips, Partner and Head of Origination, and Lyle Pentith, Portfolio Manager, the Blue Ocean mandate will aim to invest in a portfolio of ten to fifteen high-growth and high-impact companies that are profitably tackling key issues within the Blue Economy.
This targeted investment strategy will focus on three areas within the Blue Economy: preventing pollution, preservation of marine environments and ecosystems and sustainable marine productivity. The vehicle will make investments predominantly at the Series A and B stage in companies creating scalable solutions to challenges such as overfishing, biodiversity loss and pollution, in addition to opportunities within clean energy, green protein, shipping and carbon capture. These companies will be carefully selected from the world’s leading innovation ecosystems and partner venture funds with whom Future Planet Capital has a connection.
