🫧 BlueX | 11-20-2023 | Thanksgiving Week! Propeller's new partnership, nanobubbles, and underwater robots

Happy Thanksgiving BlueTech fans! We’ve had a busy week leading up to turkey day. Lots of funding announcements. Plus Propeller VC’s new partnerships and Material Impact’s new fund announcement.

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🫧 NanobOx, an Irish nanobubble startup, raised €900,000 in seed funding from a consortium of venture capital investors led by The Yield Lab, along with DeepIE Ventures and Growing Capital. | More from The Fish Site

🚢 Marine hydrogen power system company Zero Emission Industries (ZEI) has completed a $8.75 million Series A financing round led by Chevron New Energies, with participation from Trafigura and Crowley | More from Offshore Energy

🌊 Switch Maritime, a San Francisco-based company developing hydrogen fuel cell and battery electric zero-carbon ferries, raised $10M in Series A funding led by Nexus Development Capital. | More from FinSMEs

🌎 Rewind, a biomass carbon removal and storage oceanic technology startup, raised $5M in a seed funding round. | More from Carbon Harold

🦿 BeeX, a Singapore-based maker of autonomous underwater robots, raised $2 million in a Bridge round co-led by Earth Venture Capital and ShipsFocus Ventures. | More from Tech in Asia

🍣 Protein Industries Canada raised a $11.4M round to commercialize a plant-based whole-muscle salmon product as a category first. | More from The Vegconomist

More OceanTech News

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

🧱 Material Impact announces $352m materials science fund: ‘You can trace back disruptive innovation in almost any industry to an underlying advance in material science | Boston-based venture firm Material Impact has announced Material Impact Fund III, a $352 million fund to back inception-stage companies developing products enabled by innovations in materials science. | More from Ag Funder News

🤝 Propeller Welcomes New Partnerships With Oregon State University, University of Hawai’i, University of California San Diego, and University of Rhode Island | Propeller Ventures announced four new partnerships with leading ocean science institutions, Oregon State University, University of Hawai’i at Mānoa, University of California San Diego and University of Rhode Island. These partnerships build on initiatives to accelerate climate solutions with founding partner, the Woods Hole Oceanographic Institution (WHOI). | More from Propeller

🧫 New aquaculture joint venture wants to replace antibiotic use with probiotics technology | The manufacturing facility is anticipated to begin operations early 2025. | More from Intrafish

More Ocean Sustainability News

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

📍 Demystifying the role of hydrogen in delivering net zero for local authorities | For financially constrained local authorities, deciding where to invest public money to achieve net zero carbon targets is increasingly complex. With so many future energy possibilities, where should you focus your attention - and why should hydrogen be part of your decarbonisation plan? | More from Business Green

🌊 Jacobs to help advance new tidal range turbine technology | A Jacobs-led consortium of industry and academic organizations has been awarded funding from the UK government to help develop a new type of tidal turbine designed to improve the viability and potential of the country’s tidal range power projects. | More from Offshore Energy

🛢️ Abandoned Oil Rigs Could Scrape Carbon From the Sky and Store It | Keeping control of our planet’s thermostat is proving tricky these days. Temperatures are rising slowly, and inaction is proving costly as we awkwardly lurch towards a cleaner future. | More from Maritime Executive

OceanTech Jobs

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

🏭 Bio-manufacturing company Hyfé is looking for a Director of R&D.

🏝️ Carbon removal company Capture6 is looking for a Development Associate or Manager.

📦 Biodegradable packaging company Notpla is looking for a Growth Lead.

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