![Portuguese VC Faber to launch Faber Blue, a €30M fund for ocean sustainability](https://i.comentr.com/lEToA-c5CgbtIHgDc7WpGWmwCI8_tam.jpg)
Portuguese VC Faber to launch Faber Blue, a €30M fund for ocean sustainability
https://techcrunch.com/2021/10/21/portuguese-vc-faber-to-launch-faber-blue-a-e30m-fund-for-ocean-sustainability/
Portuguese VC Faber is launching a new fund, Faber Blue Pioneers I, to invest in early-stage startups – primarily from Portugal and Southern Europe – developing innovative “deep tech solutions” around ocean sustainability and climate action,
The fund will have an initial target of €30 million, including funding from Portugal Blue as well as impact-driven institutional investors like Sociedade Francisco Manuel dos Santos (through its investment arm Movendo Capital), Calouste Gulbenkian Foundation, and Champalimaud Foundation.