The ReOcean Fund: €100 million for the blue economy

Launched in 2023 by the Prince Albert II Foundation, the ReOcean Fund aims to invest €100 million in the blue economy. Its portfolio includes NatureMetrics, the world leader in biodiversity data.

The project is ambitious. Officially launched in 2023 by the Albert II of Monaco Foundation and Monaco Asset Management, the ReOcean Fund's ambition is “to invest €100 million to catalyse the next generation of ocean innovations to support the transition to a net-zero, regenerative and more equitable economy”. In order to make the ocean an asset to invest in, the fund's mission is to support the growth of innovative, high-impact companies (Series A&B) in five sectors that collectively unlock the regenerative potential of the oceans: solutions to avoid plastic pollution; creating healthy, regenerative and equitable blue food; green shipping and yachting; restoration and protection; producing robust data about the oceans.

NatureMetrics, the first investment

In January 2025, NatureMetrics became the first company to enter the ReOcean Fund investment portfolio. The British company was awarded the Prince Albert II of Monaco Foundation's 2024 Global Health Prize for innovative technology that ‘drives value creation while setting a new benchmark for integrating the health of the Ocean into business decisions’, notes Olivier Wenden, Vice-President and CEO of the Foundation. With laboratories in the UK and Canada, a strategic partner in Indonesia, and an innovative platform powered by environmental DNA and sophisticated analysis algorithms, NatureMetrics provides companies and environmental protection associations with an unprecedented view of biodiversity at local level.

“NatureMetrics is redefining the future of natural intelligence,” CEO Dimple Patel told a panel of investors at BEFF. "Our mission is to make nature an asset to invest in and to make biodiversity measurable using high integrity data, in the same way that you use business data, such as EBITDA and revenue, to drive more funding towards nature-based solutions. We've analysed over 50,000 examples over eight years and have millions of data points generated in over 110 countries, across multiple ecosystems and habitats that help us understand what's going on and make informed decisions. Our platform will enable access to this data and help companies, organisations and governments to optimise risk management and accurately monitor nature protection initiatives over time", says the founder of NatureMetrics, who already has 600 clients, ranging from WWF to Shell. The company had raised €25 million by the end of 2024. This operation, led by the Just Climate fund, brings together new investors - EDF Pulse Ventures and Monaco ReOcean Fund - with a stake of €5 million - alongside longstanding partners such as BNP Paribas.

"We have been monitoring it for three years. It's a company that is growing by 50% a year. We believe it is already the world leader in biodiversity data", says Anthony Torriani, Managing Director of Monaco Asset Management, who is also the fund’s manager.

Nineteen investors, including the Monaco government

ReOcean is now more than halfway to its €100m target and will continue to raise capital for the next generation of ocean innovations in 2025. Nineteen investors, including the Monegasque Government, have already taken the plunge and further investments may be announced as early as September. "The Blue Economy & Finance Forum was very helpful in finalising our capital raising. We met a large number of exceptional investors and many companies in which we could invest", commented the financier.

By Milena Radoman - Monaco Economie