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.
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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
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Buildings & Homes
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Heavy & Light Industry
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Utilities & Municipalities
AREAS OF INTEREST
We are attracted to companies with strong IP rooted in:
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Data Science & Digital Innovation
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Engineering Design & Process Optimization
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Fintech
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Microbiology & Biotech
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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
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First Investment: January 2019
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Stage: Seed
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Investments to date: 11
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Check Size: $25,000 to $500,000
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Follow-on checks: 6/11
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Board Seat: 4/11
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Syndicate Participation: 4/11
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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
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Management team with some experience in water & wastewater
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Targeting the most pressing quality and/or quantity issues
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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
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Hard to replicate and defensible IP
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Tangible competitive advantage over similar offerings
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SaaS, or Hardware+SaaS model
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Low barrier to customer adoption, and high degree of stickiness
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Growth Strategy ​
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Understanding of the target market
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Strategic partnerships established
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Plan to manage supply chain
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Realistic marketing and sales plan
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3rd party endorsements and customer testimonials
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Credible sales pipeline
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Technology & Communication​
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Technical and market trials completed
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Positive feedback from alpha-test customers
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Scale-up challenges understood and manageable
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Channel to market identified and verified
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Team​
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Clearly defined leadership roles
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Growth-minded and intellectually curious CEO with innate leadership qualities
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Board and Advisors with experience and access
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Success in early fundraising
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Formal succession plan
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Straightforward Cap Table
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Financials​
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Pre-revenue to $2M recurring annual sales
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Potential for $5M+ recurring within 2 years of Mazarine investment
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Opportunity for Mazarine board participation
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Clearly defined margin projections
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Confirmed interest from potential exits
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Realistic valuation
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If a company satisfies these criteria, there is a strong chance we will enter due diligence.