ImpactAlpha, November 16 — London-based fund manager Ocean 14 Capital is looking to raise €150 million ($170.5 million) for growth-stage investments in technology companies in sustainable fish, aquaculture and alternative protein. Ocean 14 will also invest in ocean health and conservation.
The European Investment Fund committed €35 million ($40 million), backed by a first-loss guarantee from the European Fund for Strategic Investments. Other investors include Chr. Augustinus Fabrikker, the investment management arm of Denmark’s Augustinus Foundation; Lukas Walton’s Builders Initiative; and Australia’s Minderoo Foundation.
The market for the sustainable use of ocean resources may reach $3 trillion in 2030. European Investment Fund’s Alain Godard said the fund’s commitment will “help create a well functioning European equity ecosystem for this sector.”
Ocean 14 launched in 2019 to invest with a focus on Sustainable Development Goal No. 14, life below water.