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- Amogy’s Big Round, Chipotle Invests in Aquaculture, and a New Icelandic Fund
Amogy’s Big Round, Chipotle Invests in Aquaculture, and a New Icelandic Fund
Plus Yachting Ventures’ Overhaul and Maritime Onboard Carbon Capture
Will Lutz
January 20, 2025
Happy Dr. MLK Jr Day Ocean Friends,
For BlueX’s US readers, today is Dr. MLK Jr Day. It is a good time to reflect that the climate battle is also a fight for racial and economic justice. However you celebrate and remember the works of Dr. King, I hope you have a good day. I’m pretty sure celebrating the Reverend Dr. King is the only important political event in the US today. Right?
This week’s BlueX has a lot of good tech news. But before you read it, I want to bring Yachting Ventures’ media overhaul to your attention. This team is fantastic, and awesome at storytelling. I’ve gotten to know them a little in the past two years and can personally attest to their dedication and, well, just being really nice people. So check out their new site. And sign up for their newsletter. It’s worth the read.
Best,
Will
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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.
🥬 Seaweed firm Atlantic Sea Farms raised a $3.8M round. | More from We Are Aquaculture
⛽️ Hydrogen tech company H2SITE raised €36M in a Series B funding round led by Hy24 and SC Net Zero Ventures with MassMutual Ventures, Enagás Emprende, and Exergon, Breakthrough Energy Ventures, Equinor Ventures, and Ezten. | More from Offshore Energy
🦐 Aquaculture firms CH4 Global and Plantible raised funds from Cultivate Next, Chipotle’s venture fund. | More from The Fish Site
🚢 Ammonia-powered heavy-duty transit company Amogy raised $56M led by Aramco Ventures and SV Investment. | More from Canary Media
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🦿 New Funding to Advance Hull Cleaning and Inspection Robot Deployment | Canada’s Ocean Supercluster (OSC) is participating in a $940K Amphibian UWILD Remote Robotic Platform Project. The robot is expected increase the speed and accuracy of ship hull inspections and reduce the risks associated with diving crews. | More from MarineLink
🇮🇸 Iceland Ocean Cluster Launches New Blue Venture Fund | Blue Nova Ventures aims to bridge the financing gap for blue economy startups, according to co-founder Thor Sigfusson. | More from We Are Aquaculture
🌊 Pan Ocean Capital Empowers Entrepreneurs to Shape the Future | Pan Ocean Capital has launched an initiative to support 101 innovative ideas with the potential to transform industries. The initiative aims to provide entrepreneurs with the funding, mentorship, and resources necessary to bring their ideas to life and drive growth. | More from PR.com
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🔌 Germany’s First Fully Electric Seagoing Vessel Completes Trials | The first fully electric seagoing vessel in Germany, a catamaran ferry, has completed its acceptance trials and is preparing to be deployed. It joins a growing number of battery-powered ferries that are demonstrating the growing opportunities for electric power. | More from Maritime Executive https://www.maritime-executive.com/article/germany-s-first-fully-electric-seagoing-vessel-completes-trials
💶 Weco Secures Grant for Renewables-Powered Offshore Charging Hub | The The Hague-based Wave Energy Collective (Weco) has secured funding under the EKOO TSE Electricity 2024 program, backed by the Dutch Ministry of Climate and Green Growth’s Topsector Energiesubsidie initiative, to advance a renewables-driven offshore charging solution for autonomous vessels. | More from Offshore Energy
🛳️ Value Maritime Wins Funding For Onboard Carbon Capture | The Maritime Masterplan 2024 has granted funding to Value Maritime and its collaborators within the ME2CC (Maritime Efficient & Easy Carbon Capture) initiative. This funding will facilitate the progression of a compact, modular carbon capture system designed for installation on the Samskip Kvitbjorn, an LNG-powered vessel that combines container and Roll-On/Roll-Off (ConRo) shipping capabilities. | More from Carbon Harold