Portugal-based venture capitalist Indico Capital sees solid investment opportunities for its newly established ocean-focused fund despite the unsettling new global economic landscape following Russia’s invasion of Ukraine.

"The investment climate is not yet affected by the crisis, but we must wait and see whether the situation could lead to less capital being available for funds," Indico co-founder and Managing General Partner Stephan Morais told IntraFish.

The firm is assessing its pipeline and taking into account potential targets' supply chains and how overall operations may be affected by the crisis, he said.