FUND I

Mazarine Ventures is a seed-stage evergreen fund investing in companies with hardware, software, and business model innovations that address society's and industry's most pressing water and wastewater challenges.  

Market Focus
Investment Criteria
Abstract Water
Irrigating Fields
Office Building
John_Higley_EQO.png
Faucet
Keto.jpeg
Water
Scientist on Computer
Image by Darwin Vegher
Dark Ocean

Let us know if you need an introduction to any one of these companies.

 

Inquiries

FUND PROFILE

MARKET FOCUS

We are seeking companies with innovations that address water and/or wastewater challenges in these markets:

  • Agriculture

  • Buildings & Homes

  • Heavy & Light Industry

  • Utilities & Municipalities 

AREAS OF INTEREST

We are attracted to companies with strong IP rooted in:

  • Data Science & Digital Innovation

  • Engineering Design & Process Optimization 

  • Fintech

  • Microbiology & Biotech

  • Business Model Innovations

ABOUT MAZARINE VENTURES

 

Mazarine Ventures is backing young companies that are bringing compelling innovations to market, and lead by exceptionally strong CEOs

  • Established: 2018

  • First Investment: January 2019

  • Stage: Seed

  • Investments to date: 11

  • Check Size: $25,000 to $500,000

  • Follow-on checks: 6/11

  • Board Seat: 4/11 

  • Syndicate Participation: 4/11

  • HQ locations: US (10),  Canada (1)

INVESTMENT CRITERIA

Water/Wastewater Focus

  • Focus on a well-defined problem relating to water & wastewater

  • Management team with some experience in water & wastewater

  • Targeting the most pressing quality and/or quantity issues

  • Mazarine’s experience & expertise a value add

Product/Service Offering

  • IP rooted in one of our areas of interest above

  • Hard to replicate and defensible IP

  • Tangible competitive advantage over similar offerings

  • SaaS, or Hardware+SaaS model

  • Low barrier to customer adoption, and high degree of stickiness

Growth Strategy 

  • Understanding of the target market

  • Strategic partnerships established

  • Plan to manage supply chain

  • Realistic marketing and sales plan

  • 3rd party endorsements and customer testimonials

  • Credible sales pipeline

Technology & Communication

  • Technical and market trials completed

  • Positive feedback from alpha-test customers

  • Scale-up challenges understood and manageable

  • Channel to market identified and verified

Team

  • Clearly defined leadership roles

  • Growth-minded and intellectually curious CEO with innate leadership qualities

  • Board and Advisors with experience and access

  • Success in early fundraising

  • Formal succession plan

  • Straightforward Cap Table

Financials

  • Pre-revenue to $2M recurring annual sales

  • Potential for $5M+ recurring within 2 years of Mazarine investment

  • Opportunity for Mazarine board participation

  • Clearly defined margin projections

  • Confirmed interest from potential exits

  • Realistic valuation

If a company satisfies these criteria, there is a strong chance we will enter due diligence.

 
 
 
Market Focus
Investment Criteria

We welcome conversations with seed and pre-seed companies

MAZARINE_white@3x.png

© 2020 Mazarine Ventures. Designed by Push Creative Designs