BlueX 7-17-23 | $184MM in BlueTech Investment

Happy summer BlueTech friends! I hope you’re staying cool. I generally try to steer clear of the doom and gloom news in Climate but it seems impossible to avoid this week with the heat. The heart of my motivations to do this newsletter is a focus on the tech that will address, abate, or even reverse the climate crisis.

Remember, if you like this free newsletter and what I’m doing with it, do me a favor and refer it to a friend OR share it on social media.

OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🌎 CarbonCure, a Halifax, Canada-based provider of carbon removal technologies, raised $80M USD in Equity funding led by Blue Earth Capital with participation from existing shareholders such as Breakthrough Energy Ventures, Taronga Ventures, Amazon’s Climate Pledge Fund, Microsoft Climate Innovation Fund, 2150, BH3 Growth Equity and Samsung Ventures. | More from FinSMEs

🌽 Aphea.Bio, a Belgian agriculture biotech company that develops pesticide alternatives to boost crop growth, has raised a €70m Series C from investors including Innovation Industries, Korys Investments, the Bill & Melinda Gates Foundation and BNP Paribas Fortis. | More from Sifted

🤖 Bedrock, a provider of autonomous underwater vehicles and data platform for ocean-mapping, raised $25.5M in an A round of funding led by Northzone and Primary Venture Partners, with additional participation from Valor Equity Partners, Eniac, Quiet Capital, and R7. | More from TechCrunch

More OceanTech News

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

💧 Sustainable Ocean Alliance Converts Its Accelerator Into a Broader ‘Ecopreneur Network’ | SOA is shifting from an accelerator to a community based model. Accelerator alumni companies have raised $300MM collectively. This change is exciting for startups and the broader community. | More from TechCrunch

🐙 Captura And Deep Sky To Install Ocean Carbon Removal Pilot In Canada | Captura Corporation – the ocean carbon removal startup aiming to reduce man-made emissions, has announced a new partnership . . . | More from Carbon Harold 

💴 The Radical Fund’s $40m climate tech fund targets early-stage SEA startups | Announcing its first close of a $40m fund, The Radical Fund, a venture capital firm specializing in early-stage investments in the climate tech sector, has made waves in the industry . . . | More from FinTech Global

More Ocean Sustainability News

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

🌊 Eco Wave Power gets final government grant for wave energy plant in Israel | Eco Wave Power has received the final grant funding from the Israeli Ministry of Energy for its landmark ‘EWP-EDF One’ wave energy power station in the Port of Jaffa, marking the official completion of the project. | More from Offshore Energy 

🚢 UK pledges $43 million for sustainable shipping | The UK government has committed £34 million ($43 million) of funding, which is part of the Clean Maritime Demonstration Competition (CMDC), for new technologies that will help decarbonize shipping. | More from Offshore Energy

⛴️ US Offering Funding for Green Vessel Demonstration Projects | The United States is offering up to $1.5 million to aid projects that demonstrate low carbon energy and technologies on board domestic commercial vessels.The Maritime Administration (MARAD) in June issued a request for proposals (RFP) under . . . | More from MarineLink

OceanTech Jobs

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

🍣 Alternative protein company Aqua Cultured Foods is looking for a Director of Industrial Biology (Chicago, IL).

⛽️ Ammonia marine fuel company Amogy is looking for a Maritime Business Development Manager (Brooklyn, NY or Houston, TX).

🦾 Underwater robotics firm Blue Atlas Robotics is looking for a Sales Manager (Denmark).

Did someone forward this newsletter to you?

Have a tip? Know of some newsworthy item?