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- Saronic’s Massive Round, Braid Theory’s Accelerator, and Hawai’i Seaweed Restoration
Saronic’s Massive Round, Braid Theory’s Accelerator, and Hawai’i Seaweed Restoration
Plus Dutch Wind-To-Hydrogen, 13 Mari Raising, and Commercial Nuclear Maritime
Will Lutz
February 24, 2025
Hey Ocean Friends,
It feels a little like Spring here in NJ and I’m shaking off my winter blues. This week’s BlueX has lots of great stuff, but before I get to it I have two items for you.
First, Braid Theory’s The Continuum Ocean Enterprise Accelerator is accepting applications. If you work in ocean data tech, this is a great program to give you a boost. Check it out and apply ASAP.
Next, BlueX is mostly a news roundup, of pieces I liked reading. I’d like to grow what I do every week and I’m planning to highlight OceanTech startups that I find interesting or compelling. If you run a Blue Economy startup and want to be featured OR you know of one, reach out to me. My email is [email protected].
Best,
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.
🚢 Deep sea shipping wind company Econowind secured €1M from Invest International. | More from Silicon Canals
🛥 Fluid dynamics for marine efficiency company 13 Mari (BZ NJ startup) raised a round from Mitsui O.S.K. Lines (MOL). | More from Offshore Energy
🛳 Autonomous surface vehicles for defense company, Saronic raised $600M in Series C led by Elad Gil with General Catalyst, Andreessen Horowitz, 8VC, and Caffeinated Capital. | More from TechCrunch
More OceanTech News
Some of the OceanTech articles I liked. Not fundings necessarily, but some great stuff:
🥑 Farming Yellowtail Amidst the Avocados | A compound in the middle of an avocado and orange orchard, half an hour from the coast of Israel, might be an unlikely place for a marine finfish farm, but it has its advantages, according to Pure Blue Fish, a startup that’s developed a unique RAS concept. | More from The Fish Site
🍣 $66M Dutch-Backed Offshore Aquaculture Venture Aims to Disrupt US Salmon Market | 'Our farming approach and vessel design, while not entirely novel, are so far outside mainstream industry thinking that overcoming initial skepticism takes effort' -- Alan Cook, Miranova | More from Undercurrent News
🚢 Core Power Maps Effort for Nuclear Power Barges Leading to Commercial Ships | Core Power, a startup that is working to develop opportunities in the maritime sector using a new generation of advanced nuclear technology, outlined its vision to develop floating nuclear power plants that can be levered into nuclear-powered merchant shipping. | 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:
💧 Dutch Zeevonk Offshore Wind-To-Hydrogen Project Gains Ground | Zeevonk, a joint venture between Vattenfall and Copenhagen Infrastructure Partners (CIP) and developer of a large-scale project blending offshore wind, floating solar, and green hydrogen, has moved on to the next phase with the front-end engineering design (FEED) work assigned to the UK-based company Wood. | More from Offshore Energy
🌱 Major Seaweed Restoration Project Launched in Hawai'i | A new partnership led by the University of Hawai‘i Sea Grant Programme and cleantech startup Symbrosia aims to restore native limu kohu (Asparagopsis taxiformis) populations across Hawai‘i. | More from The Fish Site
🚢 MITSUI E&S Commences Full-Scale Ammonia Testing | MITSUI E&S has announced the beginning of the test phase for the world’s first commercial, two-stroke, dual-fuel ammonia engine. The MAN B&W 7S60ME-LGIA (-Liquid Gas Injection Ammonia) Mk 10.5 prototype engine began its ammonia fuel test-run at MITSUI E&S’s Tamano Factory in Japan. | More from Maritime Executive