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- BlueX | 8-14-23 | Verdagy, $73MM for Hydorgen Electrolyzer Startup
BlueX | 8-14-23 | Verdagy, $73MM for Hydorgen Electrolyzer Startup
Plus Water Filtration, the First Ocean Carbon Credits Delivered, and Beach Toys w/o Plastic
Happy August shipmates! Anyone else excited for their kids to go back to school? I’m ready.
This week we’ve got non-plastic beach toys, $73MM for hydrogen electrolyzing tech, and the first ocean-generated carbon credits delivered.
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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.
🏭 Membrion, a water filtration startup, raised $12.5M in Series B funding, led by PureTerra Ventures with GiantLeap Capital, Safar Partners and Freeflow Ventures participating. | More from Biz Journals
☔️ Wint, a water intelligence startup, raised $35M in a Series C round of funding led by Insight Partners, Taronga Ventures and Inven Capital. | More from TechCrunch
🔌 Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, raised $73m in Series B funding led by Temasek and Shell Ventures with participation from Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures. | More from PR Newswire
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🌎 Running Tide Delivers First Carbon Credits From The Open Ocean | Running Tide, a climate startup based in the United States, has announced that it has successfully provided the initial carbon removal credits from a project conducted in the open ocean. The credits were pre-purchased by multinational e-commerce titan Shopify. | More from Carbon Harold
🐡 Startup launches new platforms for salmon farmers and equipment suppliers | Manolin has announced the launch of two new platforms, Watershed and Harpoon, which aim to provide fish farms and aquaculture suppliers with AI-driven data intelligence to make faster, more accurate and proactive decisions. | More from The Fish Site
🇮🇱🇮🇳 Israel, India partner on water-based startup accelerator | The objective will see both Indian and Israeli participants take part in a comprehensive water technology accelerator program. | More from Jerusalem Post
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🏖️ Rogue Wave: A small business fighting the plastic problem | Discover how Rogue Wave, a Hawaii-based small business, is taking on plastic pollution with compostable beach toys. | More from Biz Journals
⛽️ In focus: New fuels to speed up shift to greener energy | As the race to decarbonize the industry continues it’s becoming more and more evident . . . | More from Offshore Energy
♻️ Indorama Ventures expands PET recycling capacity in Brazil | The expansion was funded by a Blue Loan from the International Finance Corp. | More from Recycling Today https://www.recyclingtoday.comindorama-ventures-expands-pet-recycling-plant-in-brazil
OceanTech Jobs
There are a ton of career opportunities in this broad ecosystem. Are these right for you?
🚢 Shipping decarb company Arinto is looking for a Director of Business Development. (Germany)
💨 Offshore energy contractor Heerema Marine is looking for an Installation Engineer. (Texas)
📦 Responsible supply chain company SupplyShift is looking for a Strategic Customer Success Manager. (US, Remote)