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- BlueX | 7-1-24 | Seagliders, Floating OSW Tech, and a Canadian Watertech Fund
BlueX | 7-1-24 | Seagliders, Floating OSW Tech, and a Canadian Watertech Fund
Plus Oceanbird's wing sail, Bluemethane's methane capture, and Hornblower Wind's new ship.
Will Lutz
July 01, 2024
Happy Fourth of July American readers. Non-American readers, I’m assuming you are so blown away by American Exceptionalism that you are taking the day off to celebrate as well. /s
Lots of great OceanTech News this week. I’m excited to be back from my family vacation and getting into it.
-Will
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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.
🛩️ Seaglider company Regent raised a strategic investment from MOL Switch. | More from Maritime Executive
💨 Floating offshore wind tech company Aikido raised $4M led by Azolla Ventures with Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, and Anthropocene Ventures. | More from ESG Today
🐬 Ocean data company XOCEAN raised €30M led by Venturewave Capital, with Endeavor Catalyst and Enterprise Ireland. | More from Yachting Ventures
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🚤 Oceanbird's First Wing Sail Nears Installation | Tirranna, a pure car truck carrier owned by Wallenius Wilhelmsen, is another step closer to getting a first-of-a-kind wing sail from Oceanbird. | More from Maritime Executive
💧 Cycle Capital and H2O Innovations Hold Initial Close for CA$30M Watertech Fund | H2O Innovation, Inc., and Cycle Capital announced the initial close of Cycle H2O Fund, a watertech venture capital fund with a targeted size of CA$30M. | More from VCWire
⛽️ Bluemethane Unveils Novel Tech to Capture Methane From Water | When it comes to methane emissions, most people think of oil, coal, gas and burping cows, says Louise Parlons Bentata at UK-based startup Bluemethane. What they often forget, she says, is water. | More from Ag Funder News
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🌎 $16.7 Million for Marine Technology Innovation Through the Inflation Reduction Act | Funding will support NOAA’s efforts to provide communities with decision-making tools and information necessary for coastal resilience. | More from CleanTechnica
🚤 Maersk to Test Green Methanol Fuel Cells After Breakthrough Demonstration | The startup Blue World Technologies is reporting it achieved a breakthrough by demonstrating the first high-power maritime fuel cell system to run on green methanol. | More from Maritime Executive
🛳 Buildout of Offshore Wind Fleet Continues with St. Johns Third CTV Delivery | The buildout of the Jones Act-compliant fleet to service the U.S. offshore wind sector continues with St. Johns Ship Building reporting it delivered the second crew transfer vessel for Windea CTV, a partnership between Hornblower Wind and MidOcean Wind. | More from Maritime Executive