MOL PLUS, the venture capital arm of Japan’s Mitsui O.S.K. shipping company, has announced its intent to invest in Katapult Ocean Deep Blue Fund 1 operated by Norwegian venture capital firm Katapult Ocean AS.
The fund, established in 2022, focuses primarily on global blue economy startups from seed stage to Series B in industries including food, energy, transport, circular resources, and water. Is primary focus is high-tech businesses in Europe and North America. MOL Plus will focus on startups related to sustainable shipping.
“Katapult Ocean is extremely excited to deepen its partnership with MOL PLUS,” said Jonas Skattum Svegaarden, CEO, Katapult Ocean. ” There is a strong alignment between the mission and vision of our organizations, and an active collaboration between industry and entrepreneurship is an important bridge to enable the industrial transition needed in the blue economy and more widely.’’
Katapult Ocean’s blue economy network has an annual reach of over 1,000 startups and nearly 70 investments to date.
