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- BlueX | 6-10-24 | River Flooding, SeaAhead Applications, Seaworthy Collective Applications
BlueX | 6-10-24 | River Flooding, SeaAhead Applications, Seaworthy Collective Applications
Plus Electric Propulsion, NY Wind Back on Track, and 6x Jump in Blue Economy Investment
Will Lutz
June 10, 2024
This week was World Oceans Day and I hope you got to celebrate by attending an event with some of your favorite OceanTech companies.
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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.
💧 Hydrological data provider for sustainable water management company VorteX-io raised €2.9M for flood risk analysis led by Banque des Territoires and MAIF Impact, with AFI Ventures and SpaceFounders France. | More from Tech.eu
🌊 Marine electronics and technology company RAD Propulsion raised £4.3M led by One Planet Capital, Ocean Infinity, The FSE Group and High Growth Robotics with Blake Morgan LLP and Fair Advisers. | More from Yachting Ventures
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
👨💻 SeaAhead’s BlueSwell Cohort V is accepting applications. | More from SeaAhead
🌎 Applications for Seaworthy Collective's flagship program, the Startup Studio and Incubator Cohort 5 are now open. | More from Seaworthy Collective
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🚣 Strategic Marine Strengthens Offshore Wind Presence With Two New 27m CTVs | Singapore-based boat builder Strategic Marine continues to extend their track record of successful deliveries in the offshore wind sector, as it completes deliveries of 2 new Crew Transfer Vessels (CTVs) for UK based Mainprize Offshore Ltd. | More from Maritime Executive
🌊 Phenix Capital: €45B Invested in the Blue Economy Since 2015 | The latest report by the Dutch impact investment advisor highlights a lack of investment in the world’s oceans, despite a six-fold jump in ocean-focused funds. | More from Impact Investor
🗽 New York Finalizes New Power Agreements for Two Large Offshore Wind Farms | New York State finalized new power contracts for two offshore wind farms, Empire Wind 1 and Sunrise Wind, which had previously been placed in jeopardy when their developers said that rising costs had made the projects uneconomical for development. | More from Maritime Executive