MarineLabs secures landmark seed funding in Canadian Ocean tech history

Chamber of Shipping > Blog > News > Local > MarineLabs secures landmark seed funding in Canadian Ocean tech history

Victoria-based MarineLabs has raised $4.5 million in a landmark seed funding round, the largest for a Canadian ocean tech company, supported by BDC Capital’s Sustainability Venture Fund and Seaspan Shipyards. This investment will boost the development of CoastAware, MarineLabs’ real-time maritime weather intelligence tool, aimed at improving safety, efficiency, and sustainability in maritime operations. The technology provides detailed weather data, enhancing decision-making for the maritime sector and supporting climate resilience efforts. This funding underscores the growing opportunities in Canada’s marine industry and the importance of innovative solutions in adapting to climate change.

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