London-based private equity firm Ocean 14 Capital has received a multi-million investment to further the fund's efforts to improve ocean health.

“A strong momentum is emerging as people are waking up to the fact that ocean’s health is the engine to economic growth," Ocean 14 Capital Co-Founder Chris Gorell Barnes said. Photo: Chris Gorell Barnes

The €30 million ($32 million) investment came from Ingka Investments, the investment arm of the Ingka Group that represents Swedish retail giant IKEA.

The group reported retail sales of €44.6