Organization · Other
Mermaid Fund
The Mermaid Fund is a £100 million initiative managed by Equity Vision, focused on investing in the seaweed industry and related environmental products and services. It aims to address global warming issues through investments in companies across the seaweed value chain.
Overview
What Mermaid Fund does
What Mermaid Fund is
The Mermaid Fund is a £100 million initiative managed by Equity Vision, focused on investing in the seaweed industry and related environmental products and services. It aims to address global warming issues through investments in companies across the seaweed value chain.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Other
- Structured capabilities
- Funder
- Last reviewed
- April 26, 2026
Official channels
Find Mermaid Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
Mermaid Fund as a funder
Investment thesis
The Mermaid Fund aims to build an ecosystem of interdependent companies within the seaweed sector, promoting a circular economy and addressing environmental challenges related to global warming.
Focus narrative
The Mermaid Fund focuses on investing in the seaweed industry, targeting companies involved in the supply and distribution chain of seaweed-based products. This includes businesses engaged in beach clearance, harvesting, processing, design, manufacturing, and recycling. The fund operates globally, with a commitment to making at least 15 separate investments and aims for an internal rate of return (IRR) of 30%.
Value beyond capital
The Mermaid Fund provides strategic support to its portfolio companies by fostering partnerships within the seaweed industry, promoting sustainability, and facilitating access to resources and networks that enhance growth and innovation.
Focus and fit
- Regions
- Global
Availability
- Currently deploying
- Not published
Portfolio and track record
Portfolio context
Notable companies targeted for investment by the Mermaid Fund include: The Ocean Cleaner: A start-up focused on removing Sargassum seaweed from beaches to keep oceans and beaches free of pollution. Renovare: A footwear manufacturer that designs and produces footwear from recycled plastic bottles and seaweed, operating in Mexico and the American continent. Notpla: A manufacturer of biodegradable packaging solutions made from seaweed and plants, addressing plastic waste across various industries.
Common questions
What to know about Mermaid Fund
Upseed classifies Mermaid Fund under the Other organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 26, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.