Australian philanthropy organization Minderoo Foundation has committed €5 million (A$8.9m) to ReOcean Fund, a global investment initiative focused on advancing scalable solutions to restore ocean health and build a sustainable blue economy.
The Minderoo Foundation is focused on removing barriers that prevent the creation of a fair future, especially in communities, gender equality and natural ecosystems. It committed the money through its Strategic Impact Fund (SIF). ReOcean Fund was founded by HSH Prince Albert II of Monaco’s foundation and Monaco Asset Management. It tackles critical ocean challenges including plastic pollution, sustainable seafood production, marine ecosystem restoration, and ocean data transparency.
“Real progress can only be achieved through collaboration,” HSH Prince Albert II of Monaco said when the investment was announced at a New York Climate Week event. “Collaboration with scientists, NGOs, political leaders but also with the private sector. “That is why engaging the investment community is so important. Its role is essential to drive the change we urgently need.”
The ReOcean Fund aligns with Minderoo Foundation’s broader impact goals to:
- Eliminate harmful waste from marine environments
- Accelerate the transition to sustainable and equitable seafood systems
- Restore biodiversity across degraded marine ecosystems
- Improve access to transparent, science-based ocean data for decision-makers
“Our oceans are facing unprecedented threats. We need bold, science-led innovation to reverse the damage,” said Minderoo co-founder Dr. Andrew Forrest.
“By investing in the ReOcean Fund, Minderoo is backing entrepreneurs and technologies that can deliver measurable impact at scale. These are solutions that not only protect marine ecosystems but also support livelihoods and climate resilience.”
The €5 million investment will help increase the number of investments in the ReOcean Fund’s portfolio, catalyzing the next generation of ocean impact innovations.
Minderoo Foundation’s A$250 million SIF demonstrates the foundation’s commitment to impact by investing in companies and initiatives that deliver scalable, systems-level solutions to global challenges, while generating impact- and risk-adjusted returns.
