XOCEAN is a pioneering ocean data company revolutionising the maritime industry through its uncrewed surface vessels (USVs). These innovative vessels enable safer, more cost-effective, and carbon-neutral ocean data collection, supporting critical sectors such as offshore wind, environmental monitoring, and seabed mapping.
Venturewave Capital was central to XOCEAN’s growth and success. It participated in multiple funding rounds to support international expansion and technological innovation. Venturewave Capital utilised the VentureBeam platform to facilitate the recent transformative funding round, demonstrating the synergy between its portfolio companies.
In January 2025, XOCEAN secured a significant investment to further accelerate its growth, with Venturewave Capital playing a key role in negotiating this landmark round. The funding was led by S2G Ventures and included participation from Climate Investment, Morgan Stanley’s 1GT fund, and CC Industries. This investment underscores the strategic importance of XOCEAN’s mission and its role in advancing sustainable practices in the maritime industry.
Following this milestone, Venturewave Capital successfully exited its investment in XOCEAN, generating strong returns for its investors. This exit highlights Venturewave’s commitment to supporting impactful businesses that deliver meaningful contributions to sustainability. XOCEAN’s achievements, including its commitment to carbon-neutral operations and its transformative impact on global maritime practices, showcase the success of this partnership and its lasting global impact.