FUND I

Mazarine Ventures is an evergreen fund investing in seed and pre-seed companies with innovations that address society's and industry's most pressing water and wastewater challenges.

Market Focus

IP Focus

Investment Criteria

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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

IP FOCUS

We are attracted to companies with IP rooted in:

Chemistry
Data science
Materials science
Microbiology
Engineering

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: Pre-seed and Seed
Investments to date: 10
Check Size: $25,000 to $500,000
Follow-on checks: 3/10
Board Seat: 4/10
Syndicate Participation: 3/10
HQ locations: US (9), Canada (1)

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INVESTMENT CRITERIA

Water/Wastewater Focus

Focus on a well-defined problem relating to water & wastewater
Management team with some experience in water & wastewater
Mazarine’s experience & expertise a value add

Product/Service Offering

IP rooted in materials science, chemistry, microbiology, digital innovations, data science, or engineering sciences
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

IP Focus

Investment Criteria

We welcome conversations with seed and pre-seed companies