Venture Capital News

Photo: ANB Sensors

Seed Funding to Commercialize ANB's pH Sensing Tech

ANB Sensors reports it has secured "a sizeable, oversubscribed investment round" to enable commercialization of its novel calibration-free pH measuring technologiesThe financing is a co-investment by Hatch Blue, an early-stage aquaculture venture capital firm and angel investors, experienced industry professionals represented by Namier Capital Partners.ANB Sensors is aiming to provide a solution to meet the demands required for a truly networked solution. The tech is based on a voltammetric electrochemical technique to verify the performance of the reference electrode and calibrate it

Illustration; Image by EC-OG

EC-OG Raises Funds for Subsea Battery System

in the emerging subsea clean energy market. The new funds will allow us to accelerate scale-up of our automated battery manufacturing capability, significantly reduce the time from order to deployment and ensure we maintain excellent service support as the business grows.”Par Equity, a venture capital firm based in Edinburgh that specializes in investing in innovative technology companies, was joined by existing investors, Orchard Venture Capital and Scottish Investment Bank. Simmons Energy, a division of Piper Sandler, acted as an exclusive corporate finance adviser to EC-OG throughout the

SurfWec Artist Concept. Images Courtesy:  SurfWEC LLC.

Efficient Wave-Generated Power … Really!

, $1m for computer modeling, $1m for a scale model, about $12m for the final prototype unit, and $4m for two-year sea trials.“I’ve just submitted a White Paper to the Office of Naval Research for that full budget,” said van Hemmen. “On the commercial side we will approach venture capital sources for funding, too. Then we have DOE applications in for subsystem development.”Think Global, Act (NJ) Local“Certain projects are so big that they need a national or a global view and presence. This particular technology does not require that huge amount of investment,&rdquo

(Photo: MeeMaken BV)

MeeMaken Buys Into Blue Offshore

Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague, the Netherlands, supplies basket carousels and tensioners for the offshore installation, transportation and storage of export cables, array cables, umbilicals and flexible pipelines in the offshore oil and gas industry, as well as the offshore renewable energy sector.MeeMaken, which has a large global network and a portfolio

(Photo: Airborne Oil & Gas)

Aker Solutions Buys Stake in Airborne

Friday that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering company joins other shareholders Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.Oliver Kassam, Airborne Oil & Gas CEO said,  “We have a very strong portfolio of organizations invested in the business, and the addition of Aker Solutions

A smaller prototype tested in Galway Bay, Ireland. (Photo: Ocean Energy)

Irish Wave Buoy to Be Deployed at US Navy Test Site

is a portfolio company of Enterprise Ireland, the Irish government agency for the advancement of innovation, entrepreneurship and international business by Irish firms. The organization provides important strategic and consultative support to Irish businesses and is also Europe’s third largest venture capital firm by deal-count.   “With rigorous testing and scaling of OE Buoy over the past ten years, today’s announcement of the device being built in Oregon represents a truly major milestone for Ocean Energy,” said John McCarthy, Ocean Energy USA LLC Chief Executive Officer

Statoil Wins Offshore Wind Lease in New York

of approximately 1.8 million barrels of oil equivalent (BOE), more than 270,000 BOE stem from the company’s onshore and offshore oil and gas fields in the U.S.  Statoil’s Energy Ventures Fund, launched in February 2016, is one of the world’s largest clean technology venture capital funds, dedicated to the successful advancement of viable renewable energy projects. 

Abigail Ross Hopper Named BOEM Director

embarking on a career in public service, Hopper spent nine years in private practice where she specialized in complex merger and investment counseling and corporate law. She represented publicly and privately held companies in connection with mergers and acquisitions, and has counseled numerous venture capital and investment banking firms in connection with multi-million dollar equity offerings.   Hopper graduated Cum Laude from the University of Maryland School of Law and earned a Bachelor of Arts Degree from Dartmouth College.   In naming Hopper, Secretary Jewell praised Dr. Cruickshank

DP World's turn8

Top 5 Start-Ups Present at DP World's Turn8

the continued success of this programme. It is an important learning experience not just for the start-up teams but also for us – to see how an increasingly globalised world is changing the way we think about and approach new business ideas.” Brent Traidman, General Partner, Fenox Venture Capital, said,"I was impressed with the quality and diverse group of companies in this round, which were of similar calibre to Silicon Valley start-ups in the United States, with some of them offering a better investment with lower valuations. We are delighted to be involved in the regional entrepreneur

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