BlueX | 5-6-24 | UFL's Offshore Wind Innov Hub Pitch Day, Maritime Sustainability, and Fish Processing

BlueTech Friends,

Welcome to May! Lots of good stuff in this week’s newsletter. So many special announcements, that I’m thinking of starting a new section just for all the activities and events in the BlueTech world.

First, New York’s Offshore Wind Innovation Hub is hosting the Wind-Win Startup Showdown to celebrate the program’s finalists and do some killer networking. May 15th, Brooklyn.

Right after the Wind-Win Showdown is my own OceanTech NYC Summit on the 16th and 17th in partnership with Vendee Globe. A big thank you to the summit’s supporters:

• Seaking Blue

• Propeller VC

• Activate

• Newlab

• Investable Oceans

Next, HAX opened its doors in Newark and held a killer Demo Day. If you are into ClimateTech (including BlueTech) these guys are awesome and you should be paying attention.

Last, BlueX hit a fun milestone this weekend, 500 subscribers. I don’t make any money from this newsletter. It is 100% a passion project in an area I love and believe in. Thank you all for subscribing, reading, and engaging.

Best,
Will

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🚢 Swedish maritime sustainability company Cetasol raised €2M from Sarsia, ShipsFocus, and Impact X Capital. | More from Silicon Canals

🚣 Electric boat company X Shore raised €8.5M. | More from Tech.eu

🐠 Fish processing tech company Shinkei raised $6M in Seed Funding led by Cantos, with 8VC, Impatient Ventures, Susa/Humba Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, Undeterred Capital, and others. | More from FinSMEs

More OceanTech News

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

🦐 Startup Develops Affordable Aquaculture Sensor | A new, low-cost Internet of Things (IoT) sensor system could help the aquaculture sector in developing countries fight against the effects of climate change by enabling fish farmers to detect, monitor, and manage water quality in real-time. | More from The Fish Site

🐟 Bluefront Equity Raises $50M for Second Seafood Impact Fund | Global investment firm Cambridge Associates is one of the investors in the new fund, which is focused on making the seafood value chain less wasteful. | More from Impact Investor

🌊 Danish Wave Energy Firm Launches Crowdfunding Campaign, Aims to Raise up to €1.5M | Danish company Wavepiston has launched a crowdfunding campaign with the ambition of raising up to €1.5 million that will be used for its wave energy technology. | 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:

☀️ New Partnership to Conduct Feasibility Studies on Floating Solar Projects in Malaysia | This MoU also encompasses two companies developing ground-mounted solar power projects together in Perak, as well as conducting feasibility studies on floating solar projects, and considerations for co-funding the projects. | More from Offshore Energy

🛳️ Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure | Partners from Belgium and the African nation of Namibia mapped out a plan to develop the continent’s hydrogen infrastructure for the production and export of the energy source as well as launching Africa’s first hydrogen-fueled vessel. | More from Maritime Executive

💨 New Jersey Launches Wind Solicitation as New York Prepares for Next Round | Undeterred by a range of setbacks in developing the offshore wind energy sector, both New Jersey and New York are pushing forward with their next rounds of solicitations. | More from Maritime Executive

OceanTech Jobs

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

💧 Digital water company 120Water is looking for a CRM & Systems Administrator.

🌏 Geospatial maritime analysis company SynMax is looking for a Python Developer.

⚡️ AI and satellite electricity market company Vortexa is looking for a Sales Director.

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