London- headquartered venture capital and impact investor Future Planet Capital has wrapped up a €20 million fund to tackle key issues affecting the world’s oceans. Dubbed the ‘Blue Ocean mandate’, the fund will look at investing in ten to fifteen high-growth and high-impact companies that are profitably tackling key issues within the Blue Economy (technology to help the oceans).
The targeted investment strategy will focus on three areas within the Blue Economy — preventing pollution; preservation of marine environments and ecosystems; and sustainable marine productivity.
Investments will be made predominantly at the Series A and B stage in companies creating scalable solutions to challenges such as overfishing, biodiversity loss, and pollution, in addition to opportunities within clean energy, green protein, shipping and carbon capture.
These companies will be carefully selected from the world’s leading innovation ecosystems and partner venture funds with whom Future Planet Capital has a connection.
The VC has partnered with the Prince Albert II of Monaco Foundation, which has a deep commitment to protection of the world’s oceans.
Douglas Hansen-Luke, executive chairman, Future Planet Capital, said: “This is a critical task if we are to mitigate the increasing challenge the planet faces today, including the climate crisis and biodiversity loss. Future Planet Capital was an early mover in the impact investing space and with our track record of challenging global issues we look forward to seeing the impact of the Future Planet Blue Ocean.”