Great news from the Mesoamerican Reef Positive Invest (MAR+Invest) portfolio! Reefy, a Mexican-Dutch startup, has secured an investment to strengthen its team, expand its impact in more vulnerable coastal areas like the Mesoamerican Reef (MAR) and accelerate the company’s commercial development.

🐠 Reefy designs breakwaters that protect coastlines from erosion and natural disasters. Their technology imitates natural reefs, providing habitats for fish and corals. They measure ecological impact before and after each installation, providing real data on how they support biodiversity.

The investment was led by Netherlands Enabling Water Technology (NEW-ttt), a Dutch consortium made up of organizations leading investments in water sectors. Their decision to support Reefy was based on the strength of the team, the business plan, and the environmental impact the company is generating in shoreline and offshore wind projects in Baja California Sur and the Riviera Maya, Mexico, through partnerships with the hospitality sector.

MAR+Invest’s support has been instrumental to Reefy’s success in raising funds. Through the Transactional Services, the company refined its data room, which included perfecting its pitch, enhancing its financial model, and receiving guidance on navigating convertible debt notes, allowing them to negotiate with key investors such as NEW-ttt.

🌊 MAR+Invest is an initiative supported by the Global Fund for Coral Reefs, and implemented by the following organizations: Mesoamerican Reef Fund – MAR Fund, Fondo Mexicano para la Conservación de la Naturaleza, Healthy Reefs for Healthy People, Sureste Sostenible, A.C., New Ventures, and VIWALA.

Supporting market-based solutions today, for a more resilient Mesoamerican Reef tomorrow 🪸