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Hydrofoil Electric Boats, Harvesting Water From Air, and Shrimp Farming
Plus SeaAhead Internships, Built Environment Water, and Growing Veggies on Ships
Will Lutz
November 25, 2024
Hello Ocean Friends,
There was lots of awesome news this Thanksgiving week. This year, I’m thankful for a totally awesome BlueTech community. This week may represent the most BlueTech venture money flowing since I started this newsletter—impressive stuff.
Our friends at SeaAhead are hiring for their Spring internships. Check out the post on LinkedIn. This is an awesome organization. If you know anyone looking for an internship in this space, this organization is the right people to start with.
If you’re thankful for this newsletter, please share it on social media. I’m working on a campaign to grow our subscriber numbers through the end of the year.
-Will
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.
🪽 Hydrofoil electric boat company Candela raised €13.3M for its series C led by SEB Private Equity, with participation EQT Ventures and KanDela AB. | More from Silicon Canals
🌧 Air harvesting water company Aquaria raised $12M - with another $100M in project financing. | More from Tech Funding News
☔️ Deep sea water farm company OceanWell raised $11M in Series A from Kubota Corporation and Charles McGarraugh. | More from FinSMEs
🏢 Built environment water reuse technology firm Epic Cleantec raised $12M in Series B led by the family office of Drs. Kathy Fields and Garry Rayant. | More from FinSMEs
🦐 Three-Sixty Aquaculture, a shrimp farming firm, raised £3.5M in Series A led by PrimeStar Industries, with Marcus Wareing and Matthew Freud. | More from The Fish Site
🚢 The New York Shipping Exchange (NYSHEX), a company for digital contracting and performance management for the shipping industry, raised its Series C funding led by Collate Capital, with Growth Equity at Goldman Sachs Alternatives, NewRoad Capital, Blumberg Capital and Intercontinental Exchange. | More from FinSMEs
🤖 Vatn Systems, raised $13M in Seed round for autonomous underwater vehicles for the US military and allies led by DYNE Ventures with Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures, Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point. | More from Pulse 2.0
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
💲 Plug and Play Launches Sustainability Fund | Sunnyvale, CA-based Plug and Play announced the closing of the Plug and Play Sustainability Fund I. This venture capital fund focuses on investing in startups tackling the critical issues of industrial decarbonization, the circular economy, energy transition, and water resilience. | More from VCWire
🛥 Synergy Promotes Autonomous Vegetable Growing On Ships | Synergy Marine Group has become one of the first adopters of autonomous vegetable-growing technology onboard ships. A pioneering initiative, which also includes shipowners Eastern Pacific Shipping, Seaspan, Capital Shipping, and CoolCo, has utilized Agwa’s AI-directed cultivation devices with the aim to enhance sustainability and crew wellbeing, the Singapore-based ship management giant said. | More from Splash 247
🐚 Aquaculture Infra Projects in Canadian Province Bag CAD 7.7m in Funding | The funding aims to support infrastructure upgrades and innovation in aquaculture across Canada's Prince Edward Island | More from Undercurrent News
🐙 BioDefense Seeks to Disrupt Seafood Market With ‘Tasteless, Odorless, and Invisible’ Coating That Can Boost Shelf Life 2-3X | The ROI for customers is "about reducing food waste, opening up new markets, and having food that is fresher and tastier," says the Singapore-based startup. | More from Ag Funder News
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🚤 Canadian Government Mulls Maritime Climate Change Tax | Canadian Environment Minister Steven Guilbeault supports a maritime greenhouse gas as countries gather in Azerbaijan to discuss ways to raise billions to address climate change, reports the Canadian Press. | More from The Maritime Network
🛥 Project to Build First Hydrogen-Power Containership Receives EU Funding | Energy Observer’s efforts to build the world’s largest liquid hydrogen-powered cargo ship are being advanced with the support of the European Union’s Innovation Fund. The containership concept known as EO2 was selected from 85 applications to the fund and awarded €40 million (US$42 million) to advance the development of the vessel. | More from Maritime Executive
💧 OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company | Today, OnStream CO2, LLC ("OnStream"), a developer of carbon storage projects along the southern coast of Louisiana, announced that that it has received a $26 million CarbonSAFE Phase III grant from the U.S. Department of Energy ("DOE"). | More from PR Newswire