Nestlé has announced an investment in the Ocean 14 Capital Fund I, aimed at promoting a sustainable and regenerative blue economy. This investment aligns with Nestlé’s sustainability goals and supports the advancement of Nestlé Purina PetCare’s sustainability initiatives.
The Ocean 14 Capital Fund I focuses on sustainable use of ocean resources, investing in areas such as aquaculture, alternative proteins, reducing plastic waste, protecting ecosystems, and combating overfishing. Guided by the United Nations Sustainable Development Goal 14: Life Below Water, the fund supports entrepreneurs and businesses with innovative ideas to preserve marine environments.
Nestlé’s investment comes from its Sustainability Fund, which backs startups and partners contributing to the company’s path to NetZero. This move follows the launch of Purina Europe’s Ocean Restoration Programme, aimed at tackling marine biodiversity loss. Purina is committed to sourcing 100% of its seafood ingredients responsibly or organically and was a founding sponsor of The Bycatch Solutions Hub in 2023. Additionally, Purina supports a consortium studying the role of seaweed-based biostimulants in regenerative agriculture.
Dan Smith, Head of Nestlé Purina’s Global Business Unit, emphasized the importance of this initiative: “The world’s oceans have suffered from overfishing, pollution, and climate change, resulting in the dramatic loss of marine habitats. That’s why we are delighted to collaborate with the Ocean 14 Capital Fund I, a visionary partner at the forefront of exploring this field. Together, we aim to drive innovation and create positive change by preserving and harnessing the power of the ocean’s resources to ensure a more sustainable future.”
Chris Gorell Barnes, co-founder of Ocean 14 Capital, welcomed Nestlé’s involvement, stating: “We are thrilled to have Nestlé on board as our partner in driving the transformation of the blue economy. Oceans are the critical life-support system for life on earth. If it’s not functioning it will be game over for humanity. Nestlé’s investment in the Ocean 14 Capital Fund I showcases their support to make the blue economy sustainable and regenerative, to protect and restore the oceans’ health and ensure this vital economy can prosper.”