LONDON, March 23, 2022–(BUSINESS WIRE)–Future Planet Capital, the international venture capital and impact investment firm, announces the closing of a new €20 million Blue Ocean mandate to address key issues affecting the world’s oceans.
The mandate, which was supported in its implementation by Barclays Private Bank, will be launched at the end of March in partnership with the Prince Albert II of Monaco Foundation and the Government of the Principality of Monaco as part of the Monaco Blue Initiative (MBI) and presented during Monaco Ocean Week.
Managed by Future Planet Capital’s experienced investment team, which includes Ed Phillips, Partner and Director of Origination, and Lyle Pentith, Portfolio Manager, Blue Ocean’s mandate will aim to invest in a portfolio of ten to fifteen high impact and high growth to address key issues of the blue economy.
This specific investment strategy will focus on three areas of the Blue Economy: prevention of marine pollution, preservation of marine environments and ecosystems, and sustainable marine productivity. Investments will be made primarily in Round A and B companies that are creating scalable solutions to challenges such as overfishing, biodiversity loss, and pollution, as well as opportunities in clean energy, green protein, shipping, and carbon sequestration. These companies are carefully selected from the world’s leading innovation ecosystems and partner venture capital funds with which Future Planet Capital is associated.
Douglas Hansen-Luke, CEO of Future Planet Capital, stated: “I am extremely pleased to announce the launch of the Future Planet Blue Ocean Mandate and are excited to partner with the Prince Albert II of Monaco Foundation, which is deeply committed to protecting the world’s oceans. This is a crucial task if we are to minimize the growing challenges facing our planet today, including the climate crisis and biodiversity loss. Future Planet Capital has been at the forefront of impact investing, and given our track record of tackling challenging global issues, we look forward to the positive impact of Future Planet Blue Ocean.”
About Future Planet Capital
Future Planet is a venture capital firm founded to support growing companies from the world’s best universities and research ecosystems. Headquartered in London, the firm invests globally and manages over $300 million for institutional investors, backing over 180 companies across the globe and at all stages. Future Planet Capital’s mission is to provide a cost-effective solution to the world’s biggest challenges in climate change, education, health, sustainable growth and security.
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