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The Mermaid Fund is a £100 million venture capital fund managed by Equity Vision Ltd, established to invest in environmental products and services related to the seaweed industry. Founded to combat issues stemming from global warming, the fund addresses the proliferation of Sargassum seaweed on beaches, recognizing the potential of seaweed as a valuable resource. The fund's investment strategy is designed to create an ecosystem of interdependent companies within the seaweed sector, promoting a circular economy.
Currently, the Mermaid Fund operates globally, with a focus on environmental sustainability. The fund plans to make at least 15 separate investments, targeting companies involved in various aspects of the seaweed supply chain. The fund's internal rate of return (IRR) target is set at 30%, reflecting its commitment to generating significant returns while supporting sustainable practices.
The Mermaid Fund concentrates its investments in the seaweed industry, specifically targeting companies engaged in the supply and distribution chain of seaweed-based products. This includes businesses involved in beach clearance, harvesting, processing, design, manufacturing, and recycling of seaweed. The fund's geographic focus is global, with investments in organizations worldwide, excluding jurisdictions subject to international sanctions.
The fund's investment strategy emphasizes building an ecosystem of interdependent companies that promote a circular economy. By supporting businesses that address environmental challenges, the Mermaid Fund aims to create a sustainable future while achieving its financial goals.
Notable companies targeted for investment by the Mermaid Fund include:
These companies exemplify the fund's commitment to supporting innovative solutions within the seaweed sector, contributing to environmental sustainability and addressing pressing global challenges.
To pitch to the Mermaid Fund, founders should send their proposals via email to enquiries@mermaid.fund. It is important to include a comprehensive business plan, detailing the company's mission, market opportunity, and alignment with the fund's focus on the seaweed industry. Response times may vary, so founders should be prepared for follow-up communications.
What are the investment criteria for the Mermaid Fund?
The Mermaid Fund invests in companies within the seaweed industry, focusing on those involved in the supply and distribution chain of seaweed-based products. The fund seeks businesses engaged in beach clearance, harvesting, processing, design, manufacturing, and recycling.
How can I apply or pitch to the Mermaid Fund?
Founders can pitch to the Mermaid Fund by sending an email to enquiries@mermaid.fund. It is advisable to include a detailed business plan and information about the company's alignment with the fund's focus on sustainability and the seaweed industry.
What makes the Mermaid Fund different from other venture capital firms?
The Mermaid Fund is unique in its exclusive focus on the seaweed industry and its commitment to promoting a circular economy. The fund aims to build an ecosystem of interdependent companies that address environmental challenges while achieving financial returns.
What is the geographic scope of the Mermaid Fund's investments?
The Mermaid Fund operates globally, investing in organizations worldwide, except in jurisdictions subject to international sanctions.
What is the fund size and check size for investments?
The Mermaid Fund has a total fund size of £100 million and plans to make at least 15 separate investments, targeting a diverse range of companies within the seaweed sector.
What is the expected internal rate of return (IRR) for the fund?
The Mermaid Fund aims to achieve an internal rate of return (IRR) of 30% through its investments in the seaweed industry.
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