FUND I

Mazarine Ventures is our seed-stage evergreen fund, making investments that accelerate companies who are starting to see commercial traction.

Market Focus
Investment Criteria
Abstract Water
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Let us know if you need an introduction to any one of these companies.

 

Inquiries

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FUND PROFILE

MARKET FOCUS

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

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  • Agriculture

  • Buildings & Homes

  • Heavy & Light Industry

  • Utilities & Municipalities 

AREAS OF INTEREST

We are attracted to companies with strong IP rooted in:

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  • Data Science & Digital Innovation

  • Engineering Design & Process Optimization 

  • Fintech

  • Microbiology & Biotech

  • Business Model Innovations

ABOUT MAZARINE VENTURES

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

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  • 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)

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INVESTMENT CRITERIA

Water/Wastewater Focus

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  • 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

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Product/Service Offering​

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  • 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

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Growth Strategy â€‹

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  • 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

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Technology & Communication​

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  • Technical and market trials completed

  • Positive feedback from alpha-test customers

  • Scale-up challenges understood and manageable

  • Channel to market identified and verified

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Team​

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  • 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

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Financials​

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  • 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

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

 
 
 
Market Focus
Investment Criteria

Learn more about our Fund I

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