BlueX | 6-3-24 | Smart Valves, Mycoproteins, and Autonomous Shipping

Hi all,

I took a bit of vacation last week and didn’t send a BlueX. In the newsletter’s absence, I missed it more than I expected. So I’ve got two weeks’ worth of Ocean venture news to share this week, I hope you enjoy it. The vacation was great, but I’m very glad to be back.

-Will

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

💧 Connected smart valve irrigation company Lumo raised $7M from Active Impact Investments and Fall Line Capital. | More from Pulse 2.0

🍄 Fungi-based powder, mycoprotein, for aquaculture food company Enifer raised $38M led by Taaleri Bioindustry Fund, with Nordic Foodtech VC, Voima Ventures, and Valio. | More from Intrafish

🚢 Autonomous shipping startup Orca AI raised $23M led by OCV Partners and MizMaa Ventures | More from TechCrunch

🛥 Smart Ship Hub, a maritime digital platform for ship owners, operators, charterers, and insurers, raised strategic investment from Nakakita Seisakusho. | More from MarineLink

🌱 Edonia, plant-based ingredients from microalgae company, raised €2M led by Asterion Ventures with BPI funds. | More from World Bio Market Insights

🚰 Water intel company Ketos raised $10M led by Tenfore Holdings, with Danu Venture Group, Broadway Angels, Plum Alley Ventures, Plug and Play Ventures, and Accenture | More from FinSMEs

🌧 IoT water tech company Subeca raised $6M in series A led by SUEZ, with Amazon’s Climate Pledge Fund, and Burnt Island Ventures. | More from FinSMEs

More Ocean Sustainability News

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

🐚 UK Clothing Firm Partners With Seaweed Venture for Ocean Carbon Capture | UK retail clothing company New Look has partnered with environmental firm Carbon Kapture to fund an ocean-based carbon capture initiative called 'Hope on a Rope' | More from Undercurrent News

🚤 Schneider Electric to Provide First Green Energy Offshore Charging Station | Schneider Electric, the leader in the digital transformation of energy management and automation, has announced it will join a collaborative effort to develop and deliver the first cold-ironing buoy designed to power cruise ships at anchorage. | More from Maritime Executive

🚢 First Hydrogen-Fueled Vessel Receives USCG Approval to Enter Service | After nearly five years of development and several delays, the first hydrogen-powered commercial vessel in the United States has received U.S. Coast Guard approval to enter service. Developed by a startup called SWITCH Maritime, the vessel a 75-passenger catamaran ferry Sea Change was presented last Friday with its Certificate of Inspection. | More from Maritime Executive

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