Ocean 14 Capital and Norselab have invested in the Norwegian company which has developed an alternative, non-invasive harvesting technique for bottom-dwelling seafood.
A group of clerics, impact investment specialists, academics, journalists and activists are to advise the church on establishing the fund, which will focus to a large degree on investments in communities affected by historic slavery.
The Organic Development Finance Fund will focus on supporting organic producers in developing countries and facilitating their access to global markets.
The fund, developed by Aristata Capital, supports commercial litigation with high impact social and environmental outcomes brought by claimants with limited financial resources.
The Belgium-based fund is investing in a dozen companies that aim to achieve systemic changes in environment, skilling & education, and health sectors.
The investment is the latest from the Swiss investor’s second Sustainable Food-Asia fund and supports a company that has established itself as a key player in Indonesia’s aquaculture sector in less than a decade.
Fund managers Fount have invested in Indian ready-made garment manufacturer Progress Apparels and Bangladeshi cotton yarn and denim fabric producer Sri Kannapiran Mills.
The investment team said the fund would invest in up to 35 companies globally, whose activities help improve well-being and inclusion, and support the move towards a sustainable economy.
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