About this 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.

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OceanTech Fundings

🛰️ Hydrosat: Climate Tech Company Raises $20 Million | Climate tech company Hydrosat announced $20 million in a new round of funding, including a $15 million Series A round and more than $5 million in non-dilutive funding to aid in the growth and development of its constellation of satellites and analytics to measure water stress and climate impact. | More from Pulse 2.0

⛽️ Maersk Growth invests in Danish biofuel producer | Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has together … | More from Offshore Energy

💨 Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth | Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. | More from Scottish Financial News

🍤 Shrimp farming platform Tepbac lands $2.25m from Aqua-Spark, AgFunder, Son-Tech | Tepbac will use the funding scale its hardware-software system that promises to equip shrimp farmers with more efficient, sustainable tools. | More from Ag Funder News

🦐 Shrimp feed focused startup raises venture capital funds | MicroHarvest aims to produce protein ingredients for the feed and food industry, and has conducted shrimp feed tests. | More from Intrafish

🌎 Stockholm-based Improvin raises €3.5M to tackle agri-food emissions: Here’s how | Stockholm-based Improvin’, a climate technology company, announced on Tuesday that it has secured €3.5M in a Seed round of funding. This round was led by Pale Blue Dot, a renowned climate tech fund, and Dynamo Ventures, a US-based VC focused on supply chain innovations. Other investors included FoodBridge, Axel Johnson’s common group platform for early-stage . . . | More from Silicon Canals 

🌱 Finnish startup Origin by Ocean secures €7.5M to detoxify the chemical industry using algae; here’s how | Origin by Ocean’s algae-based alternative solutions claims to outperform the traditional chemical industry in terms of end-to-end sustainability as well as functional properties. | More from Silicon Canals

More OceanTech News

🛥 Pacific Environment, Braid Theory Launch Zero-Emission Shipping Accelerator And Venture Studio | Pacific Environment and Braid Theory announced a partnership to launch the “Zero-Emission Shipping Venture Studio” to support innovative technologies and solutions to achieve zero-emission shipping and maritime decarbonization. | More from Marine Insight

⛵ Navier’s hydrofoiling electric boat cruises West Coast waterways to line up first pilot programs | Electric boats are still a rarity on America’s waterways, but everyone seems to agree they represent a cleaner, quieter future for our lakes, rivers and coastal waters. Navier has moved impressively quickly from idea to prototype to production boat, and the startup is now touring the West Coast, winning admirers in high places who hope . . . | More from TechCrunch

🐡 Equinox Ocean Turbines embarks on €3.3 million fundraising campaign | Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business. | More from Offshore Energy

🐳 A dream team for ocean carbon capture? | A group of former Google, SolarCity and Tesla executives in April snagged $20 million in what is being called the largest ocean-based carbon removal investment to date. | More from GreenBiz

🐚 Could land-based aquaculture be world’s hottest investment right now? | Venture capital investors would be hard-pressed to identify a single asset class that is hot in today's economic climate | More from Undercurrent News

More Great Ocean Sustainability Articles

🌊 Investors Rain Funding Down On Climate Prediction Startups | As climate issues flood nearly every sector, climate and weather analytics startups are offering companies and consumers predictions about everything weather related. We take a look at AI's role. | More from Crunchbase News 

🔌 World’s longest HVDC cable project’ backed with £30 million funding | Xlinks has secured £30 million in funding for the development of what is described . . . | More from Offshore Energy 

🦈 Cargill, Skretting, Walmart back WWF plan for $100 million fishery improvement investment fund | "This innovation changes how long-term sustainability is funded, recognized as a cost of doing business, and embedded into the product costs," WWF said. | More from Intrafish

🚁 World First In Antwerp Port Area: Drone Network Officially Launched | Six autonomous drones will perform daily flights in the Antwerp port area, a world first that will make an important contribution to the overall security of the complex port environment. | More from Marine Insight

🚢 US earmarks $4bn for clean port upgrades | The US has undertaken a $4bn initiative to electrify its ports and reduce heavy-duty vehicle emissions as the government seeks to address excessive consequences on adjacent communities. The US Environmental Protection Agency (EPA) is seeking public input on its $3bn Clean Ports Program to reduce pollutants at US ports and its $1bn Clean Heavy-Duty Vehicle … | More from Splash 247

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