BlueX | 8-19-24 | Deep Sea Sail Powered Energy, AI for Aquaculture, and Seaworthy's Fall Cohort

Hi all,

I’m getting this week’s newsletter out late (late for me at least) because of a rough thunderstorm that came through the mid-Atlantic region. My family was without power for a couple of hours from early in the morning.

It was a minor inconvenience for me and my family, but it does hit home the importance of ClimateTech work. Storms like that will be more frequent, violent, and disruptive as the climate crisis worsens.

Every time I send one of these newsletters out I see how awesome this community is and I have faith.

-Will

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.

🐋 Drift Energy, a startup that makes green energy at sea using sailing vessels, raised a £4.65M seed round led by Octopus Ventures, with participation from Blue Action Accelerator. | More from FinSMEs

🤖 Marine robotics startup EyeROV raised $1.2M in pre-Series A led by Unicorn India Ventures. | More from Entrackr

🐟 Tidal, an AI for aquaculture fish health company, raised a round from the brand new Ichthus Venture Capital fund. | More from Intrafish

More OceanTech News

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

🏢 Meet the BlueTech Startups Participating in Seaworthy Collective’s Fall Cohort | Seaworthy Collective, a Miami-based non-profit that supports current, aspiring, and underrepresented entrepreneurs driving Bluetech innovation, unveiled its fifth cohort of startups and founders in its Startup Studio and Incubator. | More from Refresh Miami

🦐 A ‘Silver Bullet’ for Shrimp Disease? Indian Startup Claims Novel Feed Breakthrough | A Bengaluru-based company is harnessing ‘defense peptides’ in black soldier flies to produce a feed it says can reduce India’s shrimp mortality. | More from Intrafish

🦀 Norwegian Investment Firm Launches New Fund for Early-Stage Seafood Companies | Norway's Kverva has launched Ichthus Venture Capital to focus on growth and early-stage investments in the seafood industry | More from Undercurrent News

More Ocean Sustainability News

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

☀️ Innovation Norway Backs Compatriot Floating Solar Firm With Funding | Norway-based floating solar company Ocean Sun has secured funding from state-owned Innovation Norway to advance key technology areas, including a freshwater collection system. | More from Offshore Energy

🦪 Hooked Foods Launches New Vegan Seafood, Enters Chicken Category, Gains Listings at Sweden’s Biggest Retailers | Swedish startup Hooked Foods announces it has expanded its product portfolio with further vegan seafood options as well as new plant-based chicken products, marking its entrance into a new category. | More from The Vegconomist

🚢 STAX Engineering Offers Carbon Capture Tech for Ships at Port | STAX Engineering, a progressive startup based in Long Beach, is at the forefront of marine environmental innovation, specifically. . . | More from Carbon Harold

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