BlueX | 11-06-2023 | Ending Fishing Net Pollution, Striped Bass, and Water Membraine Tech

Halloween is over, and it’s time for turkey season (in the US at least). I’m splitting my time between writing this newsletter and raking the leaves. I’ve got a lot of leaves. Happy November!

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🦑 Bureo, an innovative company focused on ending fishing net pollution, has secured an undisclosed amount of Series B funding from Ocean 14 Capital and others, to expand its facilities, develop the NetPlus® brand and reduce one of the most harmful forms of ocean pollution. | More from Ocean 14 Capital

🐠 Pacifico Aquaculture, a commercial producer of ocean-raised striped bass, raised funding from Equilibrium Capital, Butterfly Equity, and a leading US public pension fund to finance its nursery facility in Baja California and expand its production capacity. | More from The Fish Site

🌊 Fibracast Ltd., a Hamilton, Ontario, Canada-based developer and manufacturer of innovative membrane technologies for advanced water and wastewater treatment, closed a $44.6m financing round led by Cycle Capital and including Export Development Canada (EDC). | More from FinSMEs

More OceanTech News

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

🚢 Project Explores Installing Wind Rotor Sails on LNG Carriers | Interest continues to grow within the maritime industry looking at the use of wind-assisted propulsion to aid owners in meeting the emerging goals to reduce emissions. Rotors have emerged as one of the alternative technologies for wind-assisted propulsion and starting to gain momentum primarily in the bulker segment. | More from Maritime Executive

💨 Craziest Ever Wind Turbine Is Not So Crazy After All | The enemies of offshore wind energy are claiming a victory this week, but they are about to lose the war. Offshore projects are continuing to make progress in the US, and new low cost wind turbine innovations are also taking shape. In the latest example, the Wyoming startup Airloom Energy is on track to launch . . . | More from CleanTechnica

🇪🇬 The startup seeking to improve feed efficiency in Egypt’s tilapia sector | An Egyptian team has succeeded in developing a smart device to estimate the feed intake required for each tank on a fish farm, helping improve productivity and water quality. | More from The Fish Site

More Ocean Sustainability News

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

📏 Aquasend joins Hatch aquaculture accelerator | Aquasend has been announced as the first startup to join Hatch Blue's sixth aquaculture accelerator programme, which kicks off in for 2024. | More from The Fish Site

🐄 Provectus Algae seeks to disrupt livestock methane reduction space with tech delivering ‘a step-change in the cost of goods’ | The Australian startup claims its tech can transform the unit economics of growing red seaweed to produce feed additives for livestock methane reduction. | More from Ag Funder News

🧬 Targeted gene technology comes to crustacea aquaculture | AI-powered gene editing research has received funding from the Israel Innovation Authority (IIA) for crustacea aquaculture application in the hopes of meeting growing global food security and sustainability demands. | More from The Fish Site

OceanTech Jobs

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

📦 Shipping container innovation company Boxhub is looking for a Head of Sales.

⚡️ Energy management and storage company Verlume is looking for a Systems Engineer.

🗑️ Waste to fuel company Wastefuel is looking for a CTO.

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