BlueX News | 9-30-24 | Seaweed Packaging, Maritime Transport, and Cargo Sailing

Hi Ocean Friends,

I hope you had a good week! Climate Week NY was a blast. Although honestly, I’m a little tired! So many events and so many people to follow up with!

To echo one of my favorite events from the week, BlueTech is having a moment. It’s good to be in this space right now. The fact that there is enough for me to do this newsletter ever week speaks to that.

I hope you had a good CWNY as well. Now back to the grind!

Best,
Will

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

 🌿 Seaweed packaging company Notpla raised £20M led by UB Forest Industry Green Growth Fund (UB FIGG) with Catalytic Capital for Climate & Health (C3H), Horizons Ventures, Astanor Ventures, Schmidt Family Foundation, Radicle Impact, EIT Food’s AgriFoodInvest, Broadwater Cap, Kibo Invest, Rosebrook, Trousdale Ventures, and Ocean Born Foundation. | More from The Vegconomist

🚢 Maritime wind transport company VELA raised €40M led by Crédit Mutuel Impact, 11th Hour Racing and BPI. | More from Tech Funding News

🪸 Ocean Rainforest raised €2.5M investment led by Triodos Food Transition Europe Fund. | More from The Fish Site

🚤 Defense tech startup HavocAI raised $11M in seed funding co-led by Trousdale Ventures and Scout Ventures | The company says it can control thousands of unmanned surface vessels at one time. | More from Pulse 2.0

🥃 Whiskey byproduct into microalgae company MiAlgae raised £14M from SWEN Capital Partners, Clay Capital, and Rabo Ventures. | More from We Are Aquaculture

More OceanTech News

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

🚢 Kitsap Transit Secures $1.2 Million in Funding for Zero-Emission Hydrofoil Ferry | Research funded by the FTA indicates that the Foil Ferry could reduce carbon dioxide emissions by 74% and lower operational costs by 35% . . . | More from Yachting Ventures

⛵️ Neoline’s First Sailing Cargo Ship Reaches New Construction Milestone | The SolidSail rigging has left the Chantiers de l'Atlantique, heading towards RMK Marine in Turkey, where the RoRo vessel Neoliner Origin is under construction, according to French startup Neoline. | More from Offshore Energy

More Ocean Sustainability News

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

🔌 €24M Investment Comes In, €80M on the Table for UK’s First HVDC Cable Factory | UK-based XLCC, founded in 2020, has secured £20 million (almost €24 million) from the UK Infrastructure Bank (UKIB) that will be invested in the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland, with an option for a further £67 million (approximately €80.3 million) upon the company achieving specific development and funding milestones. | More from Offshore Energy

🛟 Prioritising Maritime Data for a Decarbonised Future | A recent survey by Houlder shed light on a crucial issue: the scarcity of relevant operational data is hampering the maritime industry’s ability to make sound investment decisions, especially when it comes to adopting innovative technologies. To transition towards a lower carbon future, shipowners must shift from quick fixes to a strategic, long-term approach that ... | More from Hellenic Shipping News

🚤 German JV Orders New Concept CSOV to Meet Needs in Wind and Offshore Energy | There is a strong need for more offshore vessels according to the joint venture launched a year ago by Schoeller Holdings and Deutsche Offshore Schiffahrt. The companies announced the order of four special-purpose vessels, construction commissioning service operation vessels (C-CSOV) which they believe will fill the need with a more versatile and capable design. | More from Maritime Executive

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