ImpactAlpha, June 22 — SG2 Ventures last year raised $100 million for its Ocean and Seafood fund to invest in early- and growth-stage companies developing alternative proteins, aquaculture and supply chain innovation, traceability and transparency, algae and seaweed, ecosystem services, and ocean health solutions (see, “S2G Ventures closes $100 million for sustainable oceans fund”).
It is writing checks ranging from $500,000 to $2 million for seed investments, and around $5 million for later stage deals, S2G’s Larsen Mettler told ImpactAlpha. “We have a robust pipeline.” The global impact investment firm is looking to make two more investments by year’s end.
S2G led rounds in ReelData, which uses sensors and AI technology to help farmers manage land-based aquafarms; Israel’s ViAqua Therapeutics, a biotech startup aiming to improve resistance against diseases for aquaculture; and Molearer, whose chemical-free nanobubble tech can improve water treatment, food production and resource recovery.
It also invested in Ocean Surveillance Company to combat illegal maritime activities and zero waste Fishmeal and Oil Technology Company.