Swen recruits two to launch Blue Ocean impact strategy

Lim and Raybaud are the co-founders of Blue Oceans Partners, a VC firm that invests in innovations focused on regenerating ocean health. They will join Swen's investment team and executive committee, and head up the new Swen Blue Ocean strategy.

In a statement, Swen highlighted that ocean regeneration is a critical aspect in the fight against climate change, as they absorb 93% of the excess heat produced by humans. Ocean health is also vital to avoid seafood shortages and rising sea levels, the statement said.

The Swen Blue Ocean strategy will invest in innovations that promote ocean regeneration in line with the United Nations' Sustainable Development Goal #14. Its aim is to deliver both systemic impact and competitive returns on investment, the firm said. The team will focus on startups addressing three major threats to ocean environments: overfishing, pollution and climate change.

The Swen Blue Ocean investment strategy is a complement to the Swen Impact Fund for Transition (Swift) strategy, dedicated to renewable gases and launched in 2019.

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