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- BlueX | 3-11-24 | UFL Competition, Hatch Blue's New Fund, and Seaweed Bacon
BlueX | 3-11-24 | UFL Competition, Hatch Blue's New Fund, and Seaweed Bacon
Plus more hydrogen, leftover oxygen for fish farming, and fishmeal alternatives
Will Lutz
March 11, 2024
Hey Ocean Friends,
Let’s start this week by highlighting one of the best ClimateTech accelerators on the planet: Urban Future Labs. Based out of NYU’s Tandon School of Engineering, this program is fantastic when it comes to new climate startups with many success stories. I get over to their Brooklyn office from time to time (shout out to sister program Veterans Future Labs) and can tell you personally the buzz in this program is awesome.
They just announced their Urban Future Prize Competition is now open for applications until May 1st. If you are running an early-stage BlueTech startup, you should check this out. More on their website.
On to the BlueTech News.
-Will
About this Newsletter: BlueX is a weekly newsletter that scours the internet for venture and startup news and jobs related to OceanTech.
OceanTech Fundings
The main event. Startup investment announcements in OceanTech.
⛽️ Hydrogen engineering firm Logan Energy raised £5M from Lanxing New Energy. More from Finsmes
🥓 Seaweed-sourced bacon company Umaro Foods raised $3.8M from AgFunder with Alexandria Venture Investments, Climate Capital Bio, Ponderosa Ventures, and Chris Paul (of the NBA). More from the Vegconomist
💶 Aquaculture venture fund giant Hatch Blue closed €75M for their second fund. More from IntraFish
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🦑 This Renewable Energy Startup Has a Plan for Its Leftover Oxygen: Fish Farming | Norwegian company NAPOP is seeking a partner in the aquaculture business to take its idea forward. | More from Intrafish
🎤 Balearic Marine Cluster to Host the Blue Startup Pitching Competition | As part of the celebration of The Balearic Superyacht Forum, the first international forum for large yachts in Spain to be held on April . . . | More from Yachting Ventures
🍽️ UK Startup Plans to Produce Artemia in RAS for Fishmeal Alternative | Aquanzo plans to cultivate artemia, a species of brine shrimp rich in protein, using food and drink by-products in a sustainable, land-based approach | More from Undercurrent News
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🐟 Partnership Trials Fish Farms in a Swedish Offshore Wind Project | As demand for coastal space is rising for a variety of uses, multi-use projects in offshore areas offer a novel solution. | More from Maritime Executive
☃️ Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project | A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts. | More from MarineLink
🦐 Seafood Traceability Startup Seeks to Diversify and Expand | BlueTrace, the software platform designed to improve the traceability of seafood, has announced it now has 430 clients across North America. | More from The Fish Site
BlueTech Jobs
There are a ton of career opportunities in this broad ecosystem. Are these right for you?
🐚 Carbon removal firm Captura is looking for a Mechanical Design Engineer.
🏭 Industrial wastewater desalination company Membrion is looking for a Quality Control & Assurance Team Lead.
📞 Maritime communications firm FrontM is looking for a Lead Sales Manager.