Sustainable “Blue Economy” Fund Ocean 14 Capital Raises €201 Million

Ocean 14 Capital (O14C), a private equity growth firm focused on ocean sustainability solutions, has successfully raised €201 million for its impact fund, Ocean 14 Capital Fund I. The fund has attracted investments from notable entities such as Nestlé, HQ Capital, and The Green Earth Impact Fund managed by Schroders and BlueOrchard. O14C, launched in 2020, aims to address UN Sustainable Development Goal 14 by investing in solutions that drive a sustainable and regenerative “blue economy.” The fund focuses on late-stage venture and early-stage growth companies that offer solutions in areas such as sustainable aquaculture, alternatives to fish protein, sustainable fisheries, marine flora and seaweed, and circular plastics. Chris Gorell Barnes, co-founder of O14C, emphasizes the critical role of oceans as the life-support system for the planet and the need to overhaul the capital market to combat the climate crisis. Nestlé’s investment in the fund aligns with its sustainability goals and aims to advance the sustainability journey of its Nestlé Purina PetCare category by exploring low-carbon ingredients, ensuring sustainable sourcing, and protecting the ocean ecosystem. The collaboration with O14C seeks to drive innovation and positive change for a more sustainable future. Resources: https://www.esgtoday.com/sustainable-blue-economy-fund-ocean-14-capital-raises-e201-million/