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The Mermaid Fund is a £100 million venture capital fund managed by Equity Vision Ltd, based in the United Kingdom. It specializes in investments related to the seaweed industry, addressing environmental challenges such as the proliferation of Sargassum seaweed. The fund aims to create a network of interdependent companies that promote a circular economy.
This fund invests in the seaweed industry, specifically targeting companies involved in the supply and distribution chain of seaweed-based products. Investments include businesses engaged in beach clearance, harvesting, processing, design, manufacturing, and recycling. The Mermaid Fund seeks to achieve an internal rate of return (IRR) of 30% and plans to make at least 15 separate investments globally, excluding jurisdictions under international sanctions.
Notable companies targeted for investment by the Mermaid Fund include The Ocean Cleaner, which focuses on removing Sargassum seaweed from beaches; Renovare, a footwear manufacturer producing items from recycled plastic bottles and seaweed; and Notpla, known for biodegradable packaging solutions made from seaweed and plants.
Email enquiries@mermaid.fund with your deck to pitch the Mermaid Fund.
Yes, the Mermaid Fund often leads investment rounds in the companies it targets, particularly those in the seaweed sector.
The fund is open to follow-on investments, especially in companies that demonstrate strong growth potential and align with its environmental focus.
The current fund size of the Mermaid Fund is £100 million, dedicated to the seaweed industry.
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