2024 Impact Report: Ocean 14 Capital Fund 1 SCSp

“There has never been a more important time to invest in the oceans as a critical way to protect our planet and combat climate change” – Niklas Zennström, Ocean 14 Capital investor

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We are delighted to share with you Ocean 14 Capital’s 2024 Impact Report.

This report charts the progress of Ocean 14 Capital Fund I SCSp (“the Fund”) portfolio companies up to 31 December 2024. Ocean 14 Capital Ltd. is the investment advisor to Ocean 14 Capital Fund 1 SCSp. Launched in November 2021, Ocean 14 Capital’s vision is a healthy ocean for everyone through a sustainable and regenerative blue economy.

 

Our aim is to have the greatest possible impact in the blue economy by partnering with ocean businesses whose work supports the goals of UN Sustainable Development Goal 14: Life below water.

We are working with companies at the cutting edge of sustainable aquaculture, alternatives to fish protein, sustainable fisheries, marine flora and circular plastics — and are proud to be partnering with the 16 innovative and impactful companies in the Fund’s portfolio.

In early 2024, the Fund reached the milestone of becoming the largest private equity fund investing in the blue economy, closing the fund with €201 million of committed capital. The whole team is hugely energised by this momentum. And we would of course like to thank the Fund’s investors and investee companies for their continued support, as the Fund invests to create a regenerative and sustainable blue economy.

Download the full report here.

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“This investment will enable Ocean 14 Capital to deliver the innovation needed to meet our climate and sustainability goals. The sustainable blue economy is now a key focus for us and this is a rallying cry for start-up and scale-up marine innovators globally to come forward and help avert the crisis in our oceans and return them to a healthy thriving state.”

Jean Castellini Minister of Finance and Economy of Monaco

“There has never been a more important time to invest in the oceans as a critical way to protect our planet and combat climate change. I am excited to back Ocean 14 Capital and their vision to make a significant positive impact in the blue economy.”

Niklas Zennström

“Builders Vision Fund is excited to be part of Ocean Capital Fund I’s first close. Builders is committed to developing the ecosystem of businesses focused on ocean health and sustainability. We believe the team at Ocean14 Capital have the drive and commitment to lead this impact-focused growth fund for oceans to meaningful market investments that can improve the health of our oceans.”

Peter Bryant Senior Program Officer, Builders Initiative

“Impact investments are an important part of Chr. Augustinus Fabrikker’s investment strategy and with the investment in Ocean 14 Capital Fund I we will total ten impact investments. Our interest in Ocean 14 Capital stems from the importance we see in ensuring sustainable business practices in the ocean to foster future prosperity for this vital part of our ecosystem alongside the unique capabilities we have identified within the team. For this reason, we are delighted to become a cornerstone investor in this exciting venture.”

Claus Gregersen Chief Executive Officer, Chr. Augustinus Fabrikker

“In line with SDG14, our key objective through the Flourishing Ocean’s initiative is to return our ocean to a healthy thriving state. To facilitate this, we are committed to ending overfishing; ending the dumping of plastic, heat and CO2 in our ocean; supporting the sustainable use of ocean resources; conserving key habitats; and facilitating world class research. This is why we are supporting a new venture where the Ocean 14 Capital Fund will invest in projects aligned to our objectives.”

Dr. Tony Worby Chief Executive Officer, Minderoo Foundation’s Flourishing Ocean