BlueX | 3-25-2024 | Greywater Recycling, Candela's Electric Ferries, and Algal Protein

Happy spring fellow ocean nerds!

I’m getting together with Seaking Blue’s Delaney Demark and Propeller’s Jake Russell to organize an NYC OceanTech Summit on May 16th and 17th. We’re working with the Vendée Globe’s stop in NYC. We will be showcasing and celebrating BlueTech in the Big Apple.

Day 1: https://lu.ma/e7u3ad02
Day 2: https://lu.ma/w63901qo

Stay tuned for more details as we figure out the schedule, speakers, and events. In the meantime use these Luma links to reserve your spot!

Do you have something you’d want to see at our mini-summit? Email me! I read every email.

-Will

If you like this free newsletter and what I’m doing with it, do me a favor and refer it to a friend OR share it on social media.

OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🌧 Greywater recycling firm Hydraloop raises €10.5M from Invest-NL, NOM, and Amavi Capital | More from Impact Investor

🚤 Candela, an electric ferry firm, secured a $25M investment from Groupe Beneteau with EQT Ventures, Ocean Zero LLC, and Kan Dela AB | More from TechCrunch

🐚 Aquaculture services company, Poseidon Ocean Systems, raised $20.75M in Series B from Ecosystem Integrity Fund (“EIF”), InBC Investment Corp., and Export Development Canada. | More from FinSMEs

🌱 Algal protein ingredient company, Poseidona raised €1.1M from Faber, Dozen Investments, Sprout & About, Proveg International, and WA4STEAM (Women For STEAM). | More from The Vegconomist

More OceanTech News

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

🌧 Climate Investors See Growing Opportunities in Water Tech | Start-ups looking to serve a thirsty planet may find it easier to raise funds as droughts make headlines | More from Financial Times

🦑 Aqua-Spark CEO: Institutional Capital Key to Growing Aquaculture | Lissy Smit, CEO of sustainable aquaculture impact investment fund Aqua-Spark talks to Impact Investor about fundraising, the sector’s first unicorn and why it is launching a new Africa fund. | More from Impact Investor

⚓ Rotterdam’s Maritime Startup Accelerator PortXL Partners With MINDbase, Innovation Hub of Dutch Ministry of Defence: | Rotterdam-based PortXL, a maritime startup accelerator, announced on Monday, that it has signed a partnership agreement with MINDbase Rotterdam. | More from Silicon Canals

More Ocean Sustainability News

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

♻️ Norwegian Startup Gives a Second Life to Disused Aquaculture Equipment | Aquafind is developing a fully digital trading platform to enable the aquaculture industry at home and abroad to make better use of its second-hand equipment. | More from We Are Aquaculture

💨 US Speeds Offshore Wind Farm Development with More Reviews and Tax Guidance | The Biden administration continues to place a high priority on offshore wind as a key part of the country’s renewable energy strategy and is taking steps to support and accelerate the development of the industry. | More from Maritime Executive

📖 Study: Port Investment Could Unlock Floating Wind Farm Boom | New report by the Offshore Renewable Energy Catapult's Floating Offshore Wind Centre of Excellence calls for new port infrastructure to support the deployment of floating wind technologies in the UK. | More from Business Green

OceanTech Jobs

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

☀️ Floating PV firm SolarDuck is looking for a CFO.

🤖 Autonomous underwater robot company HullBot is looking for a Sales Account Manager.

⚓️ Floating offshore wind anchor company Triton Anchor is looking for a Lead Mechanical Engineer.

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