BlueX | 1-22-24 | Algae Based Tampons, Smart Water Treatment, and Marine Batteries

This past week has been cold in my part of the world. While the US is getting hit with an Arctic blast, I’m hoping you stay warm. Last week’s post featured an amazing $154MM of venture investment in BlueTech. Wild way to start the year. This week has some cool companies I’m just as excited about. Tampons out of algae, that’s pretty cool. Enjoy.

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

👸 Algae based women’s health period products Vyld raised an undisclosed amount using their own designed funding instrument. Editor’s note: I need to read about this funding instrument. Sounds interesting. | More from EU Startups

🔋 Marine battery maker Corvus Energy raised an undisclosed amount from Toyota’s Woven Ventures, BW Group, Equinor, Hydro and Shell. | More from Splash247

🐟 AquaExchange, an aquaculture technology and fintech startup, raised $6MM from Ocean 14 Capital, Endiya Partners and Accion Venture Lab. | More from We Are Aquaculture

💧 Smart water treatment firm Indra raised $4MM in Series A from Emerald Technology Ventures, Mela Ventures, Peak Sustainability Ventures and The Climate Angels. | More from Entrackr

🌿 HutanBio, an algae biofuel company started by Cambridge University scientists raised £2.25MM led by Clean Growth Fund. | More from Tech Funding News

💦 Membion, a wastewater recycling firm, raised €5MM led by TechVision Fonds and DeepTech & Climate Fonds. | More from EU Startups

More OceanTech News

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

🐡 Aquaculture Startup Sea&Believe Announces Launch of Inaugural Seaweed Farm in Ireland | Aquaculture startup Sea&Believe has achieved a significant milestone with the launch of its inaugural seaweed farm in Connemara, Ireland. | More from The Vegconomist

💨 US DOE releases $14.5M funding opportunity for R&D in marine and offshore wind energy | The U.S. Department of Energy (DOE) has launched a $14.5M funding opportunity, aiming to . . . | More from Offshore Energy

🛶 Navier partners with Stripe to offer electric boat commute to far-flung employees | Electric boat startup Navier has landed the first official pilot program for its hydrofoiling watercraft, partnering with Stripe to bring passengers from San Francisco’s outskirts to the downtown area. | More from TechCrunch

More Ocean Sustainability News

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

⛽️ Mitsui, Celanese joint venture starts CO2-to-methanol production | Fairway Methanol, a U.S.-based 50-50 joint venture (JV) between Japan’s Mitsui & Co. and . . . | More from Offshore Energy

🚢 ONE Continues Fleet Investments Ordering Its First Methanol-Fueled Ships | Ocean Network Express (ONE) is continuing to move forward with an aggressive fleet investment program announcing its next major order and this time it is for methanol dual-fueled containerships. | More from Maritime Executive

BlueTech Jobs

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

🧹 Mairtime water filtration and DAC firm Value Maritime is looking for a Project Engineer

⚡️ Electric boating company Arc Boats is looking for a Test Engineer

🧂 Wave powered desalination company Oneka Water is looking for a Project Manager

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