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- €32M For Wave Energy Tech, Vycarb’s Pre-seed Round, and Water-Soluble Plastic
€32M For Wave Energy Tech, Vycarb’s Pre-seed Round, and Water-Soluble Plastic
Plus NOWRDC's 2024 Symposium, Katapult and Braid Theory’s New Cohorts, and French E-methanol
Will Lutz
October 21, 2024
Ocean Friends,
I took last week off for Indigenous Peoples’ Day and missed a lot of awesome OceanTech news. So much in fact, that I have to tweak this week’s newsletter format to get the articles I want to highlight here.
Some special announcements:
One of my absolute favorite organizations, the National Offshore Wind Research & Development Consortium, announced that its annual symposium is now open for registration. I will definitely be there this year.
Both Braid Theory and Katapault Ocean announced their latest cohort of startups. Check these companies out, some of my favorite early-stage startups are in there.
WINGS, a global organization funding women in research, is hosting a global Explorers Forum in NYC this week.
Enjoy this week’s newsletter! Lots of great funding announcements.
Best,
Will
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About this Newsletter: BlueX is a weekly newsletter that scours the internet for venture and startup news as well as jobs related to OceanTech.
OceanTech Fundings
The main event. Startup investment announcements in OceanTech.
🐡 Cellular agriculture firm Sallea raised $2.6M led by Founderful with Kost Capital. Not to bury the lead on this one, but this is an awesome all-female team leading this round! | More from Tech Funding News
🧴 Planet-friendly, water-soluble plastic solution company Solubag raised $4.5M led by Exit Ventures, with Coasts Ventures and Landon Ainge. | More from Refresh Miami
⚡️ CorPower Ocean raised €32M for its wave energy tech, led by NordicNinja VC, SEB Greentech, and InnoEnergy, with Santander Asset Management, Iberis Capital, and Cisco Investments. | More from Tech Funding News
⛽️ DAC into cargo ship fuel company Aerleum raised $6M in seed funding from 360 Capital and HTGF, with Bpifrance, Marble, and Norrsken | More from TechCrunch
🦠 Microalgae for feed and food company Algiecel raised €6.5M investment led by West Hill Capital | More from The Fish Site
☢️ Blue Energy, a nuclear power plant company raised $45M Series A co-led by Engine Ventures and At One Ventures, with Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital. | More from Pulse 2.0
🌎 Water-based CO2 removal company Vycarb raised a pre-seed round led by Twynam | More from Carbon Harold
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🐙 UMAMI Bioworks to Bring Cultivated White Fish to the UK Amid New Regulatory Landscape | UMAMI Bioworks, a startup from Singapore developing cultivated seafood technologies, announces the launch of operations in the UK, marking its first European expansion. | More from The Vegconomist
💸 NoviOcean Sets Sights on Equity Crowdfunding Campaign | Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. | More from Offshore Energy
🐟 3D-Printed Vegan Seafood Company Opens New Factory in Vienna | Austrian food tech startup Revo Foods has opened the world's largest 3D food-printing facility in Vienna | 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:
🐳 Woods Hole and Matson Test Out Real-Time Whale Detection System | A new AI detection system may be able to help the shipping industry prevent collisions with whales. | More from Maritime Executive
🌀 North Carolina Startup Builds Docks Designed for Hurricanes | A North Carolina company is making boat docks that can be uninstalled quickly ahead of a storm. | More from Biz Journals
⛽️ Lhyfe and Elyse Energy’s E-methanol Project in France Gaining Ground | The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. | More from Offshore Energy
🌊 Us Community-Centric Wave Energy Project Secures $3.6M Backing |The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. | More from Offshore Energy