- BlueX Newsletter
- Posts
- Captain Fresh’s Big Round and SWEN Is Hiring
Captain Fresh’s Big Round and SWEN Is Hiring
Plus, UAE Sea gliders, Nuclear Barges, and Indian Maritime Investment
Will Lutz
February 03, 2025
Hello Ocean Friends,
A project I’ve been working on for a while looks like it’s winding down and I’ve got a little more time in my schedule these days. I’ve been thinking of tweaking the format of this newsletter. It might be getting a little stale? It is a news roundup mostly, so you can enjoy the pieces I enjoyed through the week, but I could do more. If you have suggestions, shoot me a note: [email protected]
In the meantime, I’ve never wanted to live in Paris so badly in my life. SWEN Capital Partners is looking for an Investment Director. It is a once-in-a-lifetime opportunity. Check them out or share the opportunity with a friend. A friend who likes the Ocean and wine.
-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.
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.
🦀 Captain Fresh raised $28.84m pre-IPO, aiming for a $1B valuation led by Prosus Ventures, Accel, and Tiger Global, with Swiggy co-founder Sriharsha Majety, Sid Khanna of India Equity Partners, and Sunjay Kapur of Sona Comstar. | More from Tech in Asia
🌧 Oxyle, a firm eliminating toxic forever chemical PFAS in water, raised $15.7M led by 360 Capital, with Axeleo Capital, Founderful, and SOSV (woot SOSV!) | More from Tech.eu
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🐡 Walton-Backed Investor Bets on ‘Silicon Valley’ of Seafood | A Norway-based investment company has brought Builders Vision on board for its second fund and is looking to acquire more suppliers of technology and services to the Norwegian seafood sector. | More from Intrafish
✈ ADNOC L&S Selects Seagliders for Offshore Energy Logistics in the UAE | The deployment of the seaglider technology, a modern “wing in ground effect" WIG craft is taking another step forward with plans for the first deployment for crew transfer to offshore infrastructure. | More from Maritime Executive
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🛥 Tidal Transit Secures Funding for ‘World’s First’ Electric CTV Fleet | U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs). | More from MarineLink
🇮🇳 India Plans to Spend $6 Billion to Support its Maritime Sector | India has firmed up its ambition to become a global maritime powerhouse, with the government allocating around $6 billion to the shipping sector in the 2025-26 fiscal year. On Saturday, India’s Finance Minister Nirmala Sitharaman presented to Parliament budget documents, revealing billions of dollars the government intends to spend in upgrading the country’s maritime infrastructure. | More from Maritime Executive
☢️ Glosten Joins Core Power's Nuclear Power Barge Project | Maritime nuclear power startup Core Power has partnered with Glosten to design a floating nuclear power plant that could be installed at U.S. ports to provide a boost to the local grid. | More from Maritime Executive