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
Investment Criteria
Abstract Water
Irrigating Fields
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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 

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)

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
Investment Criteria

We welcome conversations with seed and pre-seed companies

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