BlueX | 9-25-2023 | Wave Powered Desalination

NYC Climate Week is over! ICYMI we hosted a panel on the future of Ocean Tech with H/L Ventures, Closed Loop Partners, and Propeller. It was a blast! Big thanks to our host Hudson River Community Sailing - a great non-profit you should support with a nice donation. My takeaway: NYC’s Blue Economy ecosystem is strong and growing.

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🌊 Canadian firm Oneka Technologies raises €8.7M for wave-powered desalination technology from the Hoffecker Family, Horizon Capital Holdings, AQC Capital, the Wilson Family, Propulia Capital and Invest Nova Scotia | More from Offshore Energy

🚤 Maritime cyber risk company Cydome raised $8 million in a Series A round, led by 2.0 Ventures with participation from MD One Ventures, Camden Capital, Pointman UK, New Gate Capital, and existing investor VentureIsrael, for its maritime cyber risk management solutions. | More from CTech

🚢 OrbitMI, a US-based maritime decarbonization software company, has raised an undisclosed amount of funding from Bureau Veritas to collaborate on the digital transformation and decarbonization of shipping. | More from Splash 247

🚰 HPNow, a Copenhagen, Denmark-based clean water and sanitation company, raised €14M in funding led by The Export and Investment Fund of Denmark (EIFO) and Novo Holdings with additional support from MatiTech, Evonik Venture Capital, and AP Ventures. | More from FinSMEs

More OceanTech News

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

🌿 The seaweed startup that’s tackling the plastic problem | Viable Gear founder Katie Weiler is in the early stages of making equipment for the aquaculture industry using a seaweed polymer to reduce the amount of petroleum-based plastics entering our oceans from the sector. | More from The Fish Site

🦐 Canadian biofilter start-up calls for pre-seed funding | Aiming to scale-up their operations and bring to market an innovative solution for the treatment of land-based aquaculture effluent, the Canadian aquatech start-up Clean Valley CIC is calling for $1.5 million (€1.4 million) in pre-seed funding. | More from The Fish Site

🚤 HO Sports unveils Sabre Water Ski, displacing traditional petroleum-based materials with Checkerspot’s biobased foam core | HO Sports, a leading watersports designer and manufacturer, has announced the launch of their new Sabre Water Ski in partnership with Checkerspot, a biotechnology company. The new product features a biobased foam core designed specifically for water skis | More from World Bio Market Insights

More Ocean Sustainability News

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

🚢 COSCO developing green methanol industrial chain | China’s state-owned shipping behemoths are going hard after methanol as a future fuel. | More from Splash 247

🔬 Biotechnology companies collaborate in pursuit of large-scale microalgae production | Ahead of the development of a large-scale microalgae industrial centre, two biotechnology companies have entered into formal discussions to lay the groundwork for the project, through which they aim to culture algae for use as a biocontrol for agriculture. | More from The Fish Site

☢️ Crowley floats plan for nuclear power plant vessel | US-based maritime, logistics, and energy solutions company Crowley has teamed with fellow nuclear components supplier and developer BWX Technologies for a shallow-draft hull ship concept that will supply small-scale nuclear energy to shoreside locations. | More from Splash 247

Featured OceanTech Jobs

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

⛽️ Ammonia maritime fuel company Amogy is looking for a Business Development Manager. (Houston, TX)

🍄 Mushroom-based seafood company Aqua Cultured Foods is looking for a Director of Industrial Microbiology. (Chicago, IL)

🌿 Algae biomass to product company Origin By Ocean is looking for a Lead Chemical and Process Engineering Activist. (Fineland)

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