OCTAVE Capital and Katapult Ocean have launched the Asia Ocean Fund, targeting US$75 million to accelerate investment in ocean-focused technologies and businesses across the region.
The new vehicle will focus on six areas: maritime decarbonisation, ocean renewable energy, green shipping infrastructure, biodiversity and restoration, circular resources, and sustainable aquaculture and marine biotechnology.
The partners say that they expect to make more than 20 investments over the next five years, with the first accelerator programme to begin in early 2026.
Katapult Ocean’s has already invested in more than 80 ocean-tech start-ups across 25 countries since 2018. The fund will be co-managed equally by the two organisations.
“Asia’s blue economy holds immense promise, but what’s been missing is the bridge between innovation and capital,” said Jonas Skattum Svegaarden, CEO of Katapult Ocean.
“The Asia Ocean fund is that bridge—de-risking early-stage ventures, attracting broader investment, and empowering entrepreneurs and the Asian ecosystem to drive the global transition towards a thriving ocean economy. We’re proud to co-manage this pioneering effort with OCTAVE Capital.”
