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Seaweed Fundings and PFAS Removal
Plus Propeller Is Hiring and the Port of Los Angeles’ Greenification
Will Lutz
January 06, 2025
Happy New Year Ocean Friends,
My 2025 prediction? OceanTech momentum will accelerate phenomenally. Many people agree that 2024 was the beginning of a “moment” for the industry. Tech funding flowed at impressive rates into the Blue Economy and shows no sign of slowing down.
Our friends at Propeller are hiring for an Operations Leader. I can’t say enough about this firm and the group of awesome people there. This is a great opportunity if you’re looking.
Best,
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.
🥬 Scottish seaweed production firm Kaly raised £300,000 in a funding round led by Tricapital Angels with Scottish Enterprise. | More from Intrafish
📦 Seaweed packaging firm B’ZEOS raised a round led by Faber with additional contributions from ICIG Ventures. | More from World Bio Market Insights
🐳 Indian farm-to-retail seafood startup Captain Fresh raised $12M in funding led by Motilal Oswal Wealth Limited. | More from Tech in Asia
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🚢 Robosys Automation, ACUA Ocean, and OREC Secure Innovate UK Grant Funding | Advanced maritime autonomy developer, Robosys Automation, supported by USV manufacturer, ACUA Ocean, and Offshore Renewable Energy Catapult (OREC), have jointly secured grant funding through Innovate UK. | More from Maritime Executive
🐚 Scottish Startup Inks ‘Landmark’ Deal for EU’s First Operational CO2 Storage Facility | Scottish startup The Carbon Removers has secured what it says is a landmark deal for CO2 storage as part of Project Greensand in the Danish North Sea. | More from Offshore Energy
🚰 Sweden’s Chromafora Bags €22.5M From EIB to Remove PFAS From Water: Here’s How | Solna, Sweden-based Chromafora, an environmental technology company, announced that it has secured €22.5M in nondilutive financing from the European Investment Bank (EIB). | More from Silicon Canals
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
⚡️ Zinus Welcomes $4 Million Investment to Boost Shore Power Solutions | Singapore's Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment. | More from Offshore Energy
🗽 Equinor Secures $3B in Financing as Empire Wind 1 Moves Forward | A project financing package was completed at the end of December to continue the momentum for the development of another of the early, large offshore wind farms off the Northern U.S. Coast. Equinor reports it secured more than $3 billion in project financing for Empire Wind 1 on competitive terms due to strong interest from lenders. | More from Maritime Executive https://maritime-executive.com/article/equinor-secures-3b-in-financing-as-empire-wind-1-moves-forward
💧 Port of Los Angeles Gearing Up for Redevelopment, Clean-Energy Waterfront Projects in 2025 | Hundreds of millions of dollars are being poured into green initiatives at the Port of Los Angeles. Discover how this investment will drive the port's transition to zero-emission operations. | More from Biz Journals