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Cascadia Seaweed Eyes $10M Raise

  • Jan 22, 2023
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Kraken Robotics Made $40M Revenue in 2022

  • Jan 15, 2023
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ReelData Raises US$8M

  • Jan 11, 2023

recent oceantech news

Cascadia Seaweed Eyes $10M Raise

  • Jan 22, 2023
  • Peter Moreira

Having refocused its business on products for farmers, Cascadia Seaweed is setting out this year to raise about $10 million to fund a bioprocessing plant and the exponential growth of its seaweed production.

The Sidney, BC-based company, which

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Kraken Robotics Made $40M Revenue in 2022

  • Jan 15, 2023
  • Avery Mullen

St. John’s-based Kraken Robotics has hired a new chief technology officer in the wake of finishing its absorption of fellow Newfoundland and Labrador company PanGeo Subsea and increasing its annual revenue by more than 50 percent.

Founded by former

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ReelData Raises US$8M

  • Jan 11, 2023
  • Avery Mullen

ReelData, the Halifax company that makes artificial intelligence for land-based aquaculture, has raised a US$8 million (C$10.7 million) Series A funding round as it looks to commercialize its second product offering next quarter.

ReelData’s first

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Fostering Indigenous Participation in Oceans

  • Dec 20, 2022
  • Carol Moreira

Canada’s Ocean Supercluster, or OSC,  has announced its Two-Eyed Seeing initiative, which aims to promote Indigenous participation in Canada’s ocean economy.

The national group, which is based in Atlantic Canada, said in a statement the initiative

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Bluetech: Ashored Raises US$1M from Builders Vision

  • Dec 19, 2022
  • Avery Mullen

Bedford, N.S.-based Ashored Innovations has raised US$1 million (C$1.36 million) from the Californian  Builders Vision impact fund as part of a larger seed round.

The funding comes as Ashored, which sells fishing gear designed to reduce accidental

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BC Group Makes Recycled Ocean Plastic Commercially Available

  • Dec 14, 2022
  • Carol Moreira

British Columbia-based non-profit Ocean Legacy has begun producing what it calls the first commercially available plastic pellet in North America made from 100 per cent recycled ocean plastics. The foundation has also announced a partnership with

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Bluetech: Invest NS Announces OceanTech Pilot Program

  • Dec 09, 2022
  • Avery Mullen

Invest Nova Scotia has announced the first six startups participating in its OceanTech Pilot Program, which gives early-stage bluetech companies the chance to test their pre-commercialization products.

The participating companies will split $50,000

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Compusult To Lead $6.3M Mapping Project

  • Dec 05, 2022
  • Peter Moreira

Mount Pearl, NL-based Compusult, a geospatial software company, is leading a new $6.3 million project announced by Canada’s Ocean Supercluster last week to help chart the country’s coastline.

The supercluster issued a press release unveiling the

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Launching our 2022 Bluetech Survey

  • Nov 30, 2022
  • Peter Moreira

At Entrevestor, we’re launching our second annual survey for oceantech startups across Canada, and we’re looking for founders willing to take a few minutes to complete it.

We produce two major reports each year. Early in 2023 we will release our

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GreenSage Raising Angel Round, Preps for Launch

  • Nov 29, 2022
  • Avery Mullen

Halifax- and Ontario-based GreenSage Prebiotics has been accepted into Charlottetown’s Emergence virtual incubator for life sciences companies and is raising a $700,000 angel round as it prepares to commercialize its fish food supplement in early

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Bluetech: Whale Seeker Lands $529K Contract

  • Nov 27, 2022
  • Peter Moreira

Montreal-based Whale Seeker has been awarded a $529,000 contract from Innovative Solutions Canada to use its artificial intelligence technology to analyze Arctic marine mammal stocks.

The parties issued a press release last week saying Whale Seeker

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Gazpek Plans Subsea Data Centres

  • Nov 25, 2022
  • Avery Mullen

Kyle Burton, a blue economy veteran with experience working for multiple startup support organizations, is launching his own company to build subsea computer data centres.

Gazpek, as Burton dubs his ambitious new business, hopes to place server

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