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