Hello Ocean Friends,

One the best things is when a friend succeeds. This edition of BlueX’s fundings section features Vycarb’s latest raise. I’ve had the honor of knowing and hosting this team through both my time at Newlab as well as through the NYC OceanTech Summit. It is just nice when you know the companies that are doing well.

I hope you get the opportunity to meet and work with the companies I feature in this newsletter, like Vycarb. Every single one is truly inspiring.

Best,
Will

OceanTech Fundings

🏊‍♂️ CO2 water capture and store company, Vycarb, raised $5 Million led by Twynam, with MOL Switch, Hatch Blue, Clocktower Ventures, Idemitsu, and SGInnovate. | More from ESG Today

🏭 Helios Innovations, an industrial water purification company, raised €1.28M from BackingMinds | More from Silicon Canals

🚤 HavocAI, the autonomous marine systems company, raised $85M from B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners | More from PR Newswire

⚡️ Maritime energy storage company Corvus Energy raised a $60M Series E to power zero-emission ships from a coalition put together by Morgan Stanley Investment Management. | More from Pulse 2.0

More OceanTech News

📈 Blended Finance Vehicle CFM Closes Third Fund at Over $1B | Climate Investor Two, which invests in water, waste and oceans infrastructure, is now the world’s largest climate adaptation infrastructure fund focused on emerging markets. | More from Impact Investor

🚢 British University Sets Out to Turn Seawater Into Ship Fuel | London’s Brunel University is teaming up with startup Genuine H2 to pilot a system that splits seawater into hydrogen onboard ships. | More from Splash 247

🐚 Climate Change ‘No Longer a Distant Threat’: Blue Finance Gets Boost With New €200 Million Ocean-Focused Fund | Seafood and aquaculture industry-focused impact investment platform Builders Vision have invested in the fund. | More from Intrafish

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