BlueX | 10-30-2023 | Algae Biodegradable Shoes and Ammonia Bunkering

Happy Halloween. Did you dress as Aquaman or the Little Mermaid? Are you carving an outline of sustainably farmed tuna in your jack-o-lanterns? (We’ve got on-brand Halloween jokes people!) Enjoy this week’s OceanTech news and have a fun and happy Halloween!

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🍃 Algenesis, a plant-based material science company producing the biodegradable shoe brand BLUEVIEW, has raised $5M in a seed funding round led by First Bight Ventures and Circulate Capital and supported by MIH Capital, Diamond Sports Group, and RhinoShield. | More from The Vegconomist

♺ traceless, a biomaterials plastic alternatives startup, raised €36.6 in Series A to build the first plant for a bio-circular alternative to plastic. The round was led by UB FIGG and SWEN CP’s Blue Ocean fund, with German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety, and Consumer Protection | More from World Bio Market Insights

⛽️ Azane, an ammonia bunkering startup, secured €5.4M from Yara Growth Ventures and UK-headquartered Navigator Holdings. | More from Offshore Energy

🛳 Nortech AI, a Norwegian-Portuguese marine IoT startup, raised €2.5 million from Indico Capital Partners and Earlybird-X to bring its plug-and-play maritime solutions to reduce costs and environmental impact. | More from Tech.eu

🌎 WSense, an Italian underwater wireless communication startup, raised €9M in seed funding from SWEN Blue Ocean, CDP Ventures, RunwayFBU, Axon Partners Group, Katapult Ocean, CoreAngels Climate and Moonstone to develop underwater wifi for critical infrastructure monitoring and environmental protection. | More from Tech.eu

More OceanTech News

Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:

🏄 Three Ocean Carbon Storage Projects Receive Funding | The Natural Environment Research Council (NERC) has granted funding to three projects to improve our understanding of carbon storage in our oceans. | More from Deeper Blue

🌊 US advances marine carbon dioxide removal technologies with $36m funding | The US will fund $36m for 11 projects across 11 states to develop marine carbon dioxide removal capture and storage technologies. | More from Innovation News Network

🔒 From Buildings To Ocean Water, Startups Are Finding More Places To Stow Carbon | Funding records show that financings around carbon removal themes have accelerated in recent quarters. We take a look at which startups are getting funded. | More from Crunchbase News

More Ocean Sustainability News

Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:

💨 New York Awards 4GW for Largest State Investment in New Offshore Wind Sites | New York State announced today what it is calling the largest state investment in renewable energy with the conditional awards including three of the country’s largest proposed offshore wind farms as well as 22 land-based renewable energy projects representing a potential $20 billion in economic development investments. | More from Maritime Executive

🐟 Captura Publishes Protocol For Its Ocean Carbon Removal Technology | Captura – an ocean carbon dioxide removal (CDR) technology startup, has published a protocol for its CDR approach titled: Carbon Dioxide Removal Pathway – an MRV and Ocean Health. | More from Carbon Harold

⛵️ In Svalbard, a sailing adventure with a mission | The Ocean Warrior project offers guests the chance to see whales, walruses and remote corners of the far north — as well as helping with climate research. | More from Financial Times

OceanTech Jobs

There are a ton of career opportunities in this broad ecosystem. Are these right for you?

🎒 Microplastics capture technology company Matter. is looking for a Principal Engineer - Industries.

🛟 Smart buoy for aquaculture company Blue Ocean Gear is looking for an Electrical Engineer.

🔬 Microorganism protein firm MicroHarvest is looking for a Head of Finance.

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