Ocean 14 Capital Fund I has closed on a €201 million (USD$217 million) blue economy fund to support sustainable solutions to improve ocean health. Nestlé, HQ Capital and The Green Earth Impact Fund managed by Schroders and BlueOrchard have recently invested in the fund.
Ocean 14 Capital Fund invests in entrepreneurs and businesses with big ideas around aquaculture and alternative proteins, reducing plastic waste pollution, protecting ecosystems and marine flora and ending overfishing. It’s focused on driving a sustainable and regenerative blue economy–using ocean resources for economic growth and preservation.
Dan Smith, Head of Nestlé Purina’s Global Business Unit said of the company’s partnership with Ocean 14, “Together, we aim to drive innovation and create positive change by preserving and harnessing the power of the ocean’s resources to ensure a more sustainable future. We recognise the potential within the blue economy and are dedicated to seizing the opportunities it presents.”
Natalie Wong, Investment Director, Schroders Capital and Daniel Freedman, Senior Portfolio Manager, BlueOrchard, said this was Green Earth Impact’s first dedicated investment in the Blue Economy.
“Oceans are the critical life-support system for life on earth. The ocean provides half the oxygen we breathe, it absorbs half the carbon, it feeds the world, it employs hundreds of millions of people. If it’s not functioning it will be game over for humanity. Institutions are now awakening to the fact that we need to overhaul the capital market to stand a chance of averting the climate crisis,” said Chris Gorell Barnes, co-founder of Ocean 14 Capital Limited.
