Welcome to the second edition of the BlueX Newsletter. The BlueX Newsletter scours the internet for venture and startup news related to OceanTech. We stick to sustainability and climate-focused startup news. The newsletter broadcasts every two weeks. Although there is so much news, I’m thinking of shifting to weekly blasts.

Maritime Fundings

🌊 Ebb Carbon Raises $20M in Series A Funding | Ebb Carbon, a San Carlos, CA-based ocean-based carbon dioxide removal (CDR) company, raised $20M in Series A funding. The round, which brought the total amount to $23M, was led by Prelude Ventures and Evok Innovation, with participation from Congruent, Grantham, and Incite. The company intends to use the funds to develop and deploy its technology, which enhances … More from FinSMEs

🌎 BlueMark Raises $10M in Series A Funding | BlueMark, a New York-based provider of independent impact verification and intelligence for the impact and sustainable investing market, raised $10M in Series A funding. The round was led by S&P Global, with participation from Temasek Trust Capital, Blue Haven Initiative, Gunung Capital, and Tsao Family Office, Ford Foundation and Radicle Impact. The company intends to … More from FinSMEs

🌿 Hooked Foods Raises SEK10M From Top-Tier Investors & Opens Crowdfunding Campaign | After securing another ten million Swedish kronor (around $967,000) for its sustainable plant-based seafood, Swedish company Hooked Foods has announced its first limited crowdfunding round on Crowdcube ... More from The Vegconomist

🐋 Plant-based seafood startup secures $5.5 million investment boost | Aqua Cultured Foods has begun building out a new pilot site in Chicago that will enable the company to begin scaling production. | More from Intrafish 

More OceanTech News

💧 Ørsted increases investment at Tradepoint Atlantic with $14M offshore wind component center | Ørsted's 40-acre component center is expected to create 125 union construction jobs and 20 professional staff jobs. | More from Biz Journals

🚣‍♂️ Sweden’s X Shore bags €26.5M to supercharge production of electric boats | Stockholm-based X Shore, an electric boat manufacturer, announced on Tuesday that it has secured SEK 300M (approximately €26.5M) in a funding round led by SEB Investment Management AB with participation from existing and several new shareholders. X Shore says it intends to use the funds to scale its production and reach profitability. | More from Silicon Canals

🌬️ Largest US offshore wind farm approved in Virginia | Virginia has approved the largest U.S. offshore wind array in spite of cost concerns. State utility regulators approved Dominion Energy's 2.6 GW plan after a suspension last summer caused by "unfeasible" performance guarantees. | More from Inhabitat

More Great Ocean Sustainability Articles

🛥 Fuel Savings Are Just a ‘Nudge’ Away | The commercial maritime industry is hard at work developing, testing and implementing new and innovative technologies to limit its environmental impacts. While much of the effort has focused on physical solutions such as improved hull design… | More from MarineLink

🚢 Northern Lights Carbon Storage Project Advances as Construction of Specialized Ships Kicks Off | Construction of two ships for the Northern Lights carbon storage project in Norway started Thursday with a keel laying ceremony at the Dalian Shipbuilding Industry Co. (DSIC) yard in Dalian, China.Keel laying is a ceremonial recognition of the… | More from MarineLink

🛥 Maersk’s First Green Methanol-Powered Containership Launched | Danish shipping giant Maersk is celebrating the launch of the world’s first green methanol-powered containership. The vessel, a 2,100 TEU capacity feeder ship, is the first of nineteen carbon neutral... | More from gCaptain

🌊 Could removing carbon from the ocean be a climate change solution? | Dante Simonetti, associate director of UCLA’s Institute for Carbon Management, explains the electrochemical reactor that kick-starts the first-of-its-kind carbon-removal process from seawater. | More from LA Times

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