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- Ocean Carbon Capture, Drones for Seagrass, And Maritime Capital
Ocean Carbon Capture, Drones for Seagrass, And Maritime Capital
Plus Oceanloop’s Loan and Marine Money’s Maritime VC Landscape
Will Lutz
November 11, 2024
Hi Ocean Friends,
I just got back from Disney World’s New Jersey Week with the kids. Let me tell you, it was great being at the “Happiest Place on Earth” on election day this year. Regardless of the results of the US election, BlueTech keeps marching on.
If you check out Marine Money’s VC white paper, know that it is missing quite a few names. Off the top of my head Newlab, Vala Capital, Closed Loop Partners and Ocean14 are all missing. So check it out with a grain of salt.
-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.
🥬 Drone tech for seagrass ecosystem recovery company, Ulysses Ecosystem Engineering, raised $2M led by Lowercarbon Capital with Superorganism, ReGen Ventures, and angel investors Eoghan McCabe and Ciaran Lee. | More from Tech Funding News
🐡 Oceanic carbon capture startup SeaO2 raised $2M In Seed Funding from DOEN Participaties B.V. NEW-TTT fund, Future Tech Ventures, and CarbonFix, along with several angel investors Eduard Talman and Siddharth Kambe. | More from Carbon Harold
🛥 Maritime software company Globavista raised from IW Capital. | More from FinSMEs
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🦐 Oceanloop Lands €35 Million for German and Spanish Expansion | Indoor shrimp farming pioneer Oceanloop has announced receipt of a €35 million loan from the European Investment Bank (EIB) to accelerate the development of its RAS technology and support its expansion in both Germany and Gran Canaria. | More from The Fish Site
🚤 Maritime Venture Financing Landscape Mapped by Marine Money | A new 12-page white paper from US-based Marine Money has mapped out today’s maritime venture financing landscape with the research clearly showing the limited number of funds that are solely dedicated to the maritime sector. Editor’s note, this list is missing quite a few names. | More from Splash 247
🛳 Hydrofoiling Electric Ferry Enters Service in Stockholm | Last week, Swedish startup Candela announced that its hydrofoil electric ferry Nova has begun operations. The 30-passenger, 40-foot ferry departed from its dock in the quiet suburb of Tappström in the early morning hours of October 29, powered by electric motors. | 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:
🌊 CT Gateway Terminal Wins $34M Grant for Zero-Emissions Equipment | Project will integrate electric assets, charging infrastructure and solar power equipment. Gateway Terminal in New Haven, CT, an Enstructure company, will receive funding to purchase and install electric equipment through the U.S. Environmental Protection Agency’s Clean Ports Program. | More from MarineLink
🌎 Fleet Fueling of Michigan Lands $4.2 M Grant to Boost Biofuel Sales | Fleet Fueling of Michigan LLC has been awarded a $4.2 million grant from the U.S. Department of Agriculture (USDA) to enhance the sale of biofuels, with a goal of increasing annual sales by 2.5 million gallons. | More from World Bio Market Insights