IKEA stores operator commits €30m to sustainable seas fund

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Ocean 14 Capital fund to protect Life Below Water

Ocean 14 Capital has received €30 million from Ingka Investments, which runs 392 IKEA furniture store franchises in 32 countries. The investment means that Ocean 14 Capital has now raised €130m of its €150m target for the impact investment fund.

The fund takes its name and inspiration from United Nations Sustainable Development Goal 14: Life Below Water, and is seeking entrepreneurs and businesses with big ideas around aquaculture and alternative proteins, reducing plastic waste pollution, protecting ecosystems and marine flora, and ending overfishing.

Chris Gorell Barnes, co-founder of Ocean 14 Capital, said: “It is a real testament to the quality of our fund and intention that Ingka Investments has come on board in such a significant capacity.

“If there’s no ocean, there’s no us - it connects us all. It provides food security and plays a vital role in achieving the UN sustainability agenda.”

A dedicated session was held at the World Economic Forum in Davos, Switzerland, last month, where world leaders were told that building a sustainable blue economy represents “the future of human security”.

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source: Fishfarmingexpert, 13 February 2023