Sausalito, United States
Blue Ocean Gear is a Northern California-based startup at the intersection of IoT, sustainability, and the marine industry. Founded in 2015, the company is revolutionizing the ocean business with its slogan: "Changing ocean business through IoT tracking technology."
The core of Blue Ocean Gear's innovation lies in its high-tech buoys designed for the marine environment, capable of tracking, detecting, and locating lost or entangled fishing gear. These smart devices offer a dual value proposition: they enhance operational efficiency for fishermen, potentially resulting in significant cost savings, while simultaneously aiding in marine conservation by reducing gear-related ocean waste.
In May 2023, Blue Ocean Gear raised a $4.20M Series A investment from an impressive cohort of investors including Good Growth Capital, Gratitude Railroad, Builders Vision, BDT & MSD Partners, and Susquehanna International Group (SIG). Positioned within the IT and waste solution sectors, the company remains a promising prospect for investors committed to both technological innovation and environmental stewardship.
