Katapult Ocean selected as Top Innovation Fund by World Economic Forum
Katapult Ocean has been selected as one of the Top Innovation Funds from the Innovative Funds for our Future Challenge of the World Economic Forum.
The prestigious award is granted to investment funds who invest in people and planet-focused entrepreneurs that can strengthen innovation ecosystems and strive for the achievement of the 2030 Global Goals. Katapult Ocean was selected as one of 17 funds from more than 100 nominations.
Established in 2019, Katapult Ocean has invested in 42 companies, establishing itself as the most active Ocean-tech investor globally. Katapult Ocean will look to invest in 10 more ocean-tech companies this autumn as part of the next KO fund.
At its core, Katapult Ocean believes in a world where a thriving ocean is in harmony with economic development. Raising 4 funds to date, Katapult Ocean invests in highly scalable, high-impact companies operating in the space of ocean food, transport, energy, natural assets, infrastructure and new frontiers. Katapult Ocean will also seek to further accelerate the most promising companies in its portfolio via investment through its Deep Blue follow-on fund.
From innovative floating solar panel systems to seaweed harvesting to electric propulsion systems, Katapult Ocean has invested in a portfolio that seeks to address the greatest problems facing our oceans. Katapult sees such portfolio companies as not only essential to a thriving ocean but some of the best investment opportunities.
On receiving the award in New York, Katapult Ocean CEO, Jonas Skattum Svegaarden said: “We are very thankful to the World Economic Forum for the recognition of our work at Katapult Ocean. With a growing body of scientific evidence showing our oceans to be in crisis and the price of inaction increasingly rising, we are all the more committed to investing in the world’s most impactful ocean-based startups. These companies not only offer some of the keys to creating a thriving ocean, but through addressing the world’s greatest challenges head-on, they offer some of the most attractive investment opportunities.
“The growth Katapult Ocean over the last 4 years is driven not only by the importance of our mission but a highly talented network of partners and a growing pool of investors who see the opportunity and merits associated with Katapult’s model of impact investment. This award also recognises the belief they have placed behind Katapult and their conviction in the results that we can achieve. I would like to thank them for being part of the Katapult journey.”
You can watch watch Katapult Ocean CEO, Jonas Skattum Svegaarden and Kristin Kagetsu, Co-founder of Katapult Portfolio Company Saathi Pads being interviewed at the World Economic Forum studio in New York, here.