Ocean 14 Capital Fuels Sustainable Blue Economy Growth
Ocean 14 Capital, an influential impact fund situated in London, UK, is making significant strides in the vast arena of the blue economy, valued in the multi-trillion-dollar range. Recently, the fund secured a substantial investment of €30 million from Ingka Investments, which is the investment branch of the Ingka Group—the entity that encompasses the largest IKEA retailer worldwide. This financial backing signals a growing recognition of the importance of sustainable practices within ocean resources management, an area that is crucial for both economic development and environmental conservation. Just last year, in September 2022, the Principality of Monaco's sovereign wealth fund pledged an investment of €10 million, and thanks to these contributions, Ocean 14 Capital has successfully raised a total of €130 million thus far.
The journey of Ocean 14 Capital began gaining momentum with an impressive €80 million first close in November 2021, attracting a diverse array of investors.
Notable backers include the European Investment Fund (EIF), Chr. Augustinus Fabrikker, Builders Vision, the Minderoo Foundation, alongside influential figures such as British businessman Alex Beard and Swedish entrepreneur Niklas Zennström. This formidable array of support empowers the purpose-driven €150 million impact fund to expand its portfolio strategically. Within a span of three years, it aims to nurture between 20 to 25 innovative businesses, having already made investments in four remarkable companies that align with the fund's vision.
At the helm of this ambitious project are the fund's founders, Chris Gorell Barnes, Max Gottshalk, and George Duffield, who share a united goal of fostering a sustainable and regenerative blue economy. This sector harnesses ocean resources for economic gain while simultaneously emphasizing preservation efforts. Ocean 14 Capital is on the lookout for visionary entrepreneurs and burgeoning businesses across Europe that present transformative ideas, particularly in fields like aquaculture, alternative proteins, plastic waste reduction, ecosystem protection, and the fight against overfishing. The fund plans to allocate around two-thirds of its investments to European companies, reserving the remainder for promising ventures globally, ensuring that its impact reaches far and wide.
They've invested in Ocean 14 Capital
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| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 Ocean 14 Capital( ) | ||||
 Ingka Investments( ) | ||||
 Principality of Monaco's sovereign wealth fund( ) | ||||
 European Investment Fund( ) | ||||
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