BlueX | 4-29-24 | Microalgae Meat, Land-based Salmon, and Electric Hydrofoils

Fellow OceanTech Nerds,

I’m back from Oceantic’s IPF. It was a blast. Don’t let any recent news bring you down. Offshore wind is thriving in the US.

The NYC OceanTech Summit is coming up on us FAST! It’s on May 16th and 17th with the Vendée Globe’s stop in NYC. We will be showcasing and celebrating BlueTech in the Big Apple.

• Are you a researcher with an OceanTech innovation? Join our presentation competition for a cash prize!

• Are you a startup in OceanTech? Table at our expo to meet investors and talent!

• Are you a ClimateTech investor/VC/angel? Apply for access to our exclusive investor-only panel discussion on opportunities in the Blue Economy!

Registration and details on the website: https://oceantechsummitnyc.com/

My friends at Rutgers are hosting their own OSW conference laser-focused on cutting-edge university research.

-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.

🧫 Sustainable meat alternative from microalgae company Edonia raised €2M from Asterion Ventures. | More from Tech.eu

💨 Ocergy, a local wind farm supply chain company raised $20M from Octopus Energy's investment arm. | More from Tech.eu

🍣 Land-based salmon company Laxey raised $43 million from Blue Future Holding, Nutreco, Seaborn, Kjartan Ólafsson, Almenni pension fund, Festa pension fund, Westman Islands pension fund and Snaebol | More from Laxey

More OceanTech News

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

🚣‍♂️ Drone Boat Startup Saronic Plans Hiring Spree for Manufacturing, Tech Roles | The drone boat market is projected to grow from $6 billion this year to $12.2 billion in 2032. | More from Biz Journals

🛥️ Electric Hydrofoils: Redefining Sustainable Maritime Transport | In March Candela, a Swedish electric boat builder focused on developing electric hydrofoil vessels, announced that it had secured €25M ($26.6Mm) in funding from Groupe Beneteau, EQT Ventures, Ocean Zero, and Kan Dela AB. | More from Curbing Carbon

🚤 CMA CGM and Bpifrance Launch €200M Fund to Decarbonize French Maritime Sector | France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry. | More from Offshore Energy

More Ocean Sustainability News

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

🛟 Offshore Wind Industry Saved By Lighter Floating Platforms | A floating offshore wind startup is gearing up to commercialize a modular, hyper-local assembly model to cut the cost of floating platforms. | More from CleanTechnica

🍁 Hydrogen Industry in Canada Receives $57 Million Boost | The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry. | More from Offshore Energy

OceanTech Jobs

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

👨‍💻 Maritime data intelligence company Starboard Maritime Intelligence is looking for a North American Sales Manager

🤘 Ocean brine metal extraction company Magrathea is looking for an Office Manager

🚢 Maritime shipping software company WaveBL is looking for a Sales Executive

Did someone forward this newsletter to you?

Have a tip? Know of some newsworthy item?