Oslo, Norway Nov 25th 2019
We are proud to announce that Raino Tech4Impact has received investment from Katapult Ocean. Katapult Ocean invests in and helps build and scale profitable businesses with a positive impact on the ocean. We have been selected as one of twelve global companies to participate in the second accelerator cohort taking place in Oslo from November 25th 2019 to February 20th 2020. In the selection process, Katapult Ocean had a pipeline with more than 850 startups to select from. “We delighted to have been selected to join Katapult Ocean, Katapult Ocean is one of the key blue ecosystem players we have been working to establish long term partnership, they offer value in addition to their cash investment, we look forward to this partnership,” said Francis Nderitu, the Managing Director.
“Post harvest loss in East Africa is a huge and overlooked problem area. We were impressed by the passionate and multidisciplinary team at Raino Tech 4 Impact team, who are addressing this challenge directly through an innovative and scalable business model.”, said Maren Hjorth Bauer, CEO and Co-founder of Katapult Ocean
We are proud to attend the Katapult Ocean accelerator program together with these 12 impact driven ocean startups, from 9 different countries:
- ARC Marine (UK) – disrupting the marine industry by accelerating reef creation in offshore construction projects which historically have caused damage and pollution
- Algalife (Israel) – Inside out good fabric
- Hydrolift Autonoumous City Ferries (Norway) – Our smart, green ferries will revolutionize urban transport systems globally
- Innomar (Norway) – Innomar AS makes fishing sustainable
- Marimetrics (Canada) – Marimetrics has developed a real time aquatic animal health diagnostic tool for aquaculture
- Nautix Technologies (Denmark) – Nautix provides next-generation ship management software for smarter, safer, and more reliable ship operations
- Oceanium (UK) – Marine-safe bio-packaging and plant-based food & nutrition products from sustainably-farmed seaweed
- Pinovo (Norway) – Clean and Circular Abrasive Blasting Method for Surface Treatment – stopping microplastics from entering the Ocean (Paint = Plastic)
- Raino Tech4Impact (Kenya) – Leveraging technology to decentralize and democratize cold-chain access in fisheries and aquaculture in East Africa, reducing cost and entry barriers
- Saathi (India) – Saathi manufacture 100% biodegradable and compostable all natural sanitary pads from banana fiber
- Sanoor Technologies (USA) – Sanoor has developed a cutting-edge optics solution that will enable next generation sub sea communications.
- Tracio (Iceland) – Keeping seafood fresh and safe
Katapult Ocean ‘s vision is a thriving ocean in harmony with economic development. To fulfill this, Katapult Ocean invests in and supports startups with a positive impact on our oceans. We do this through our ocean impact accelerator, the Katapult Ocean fund and by creating a positive awareness of the great business opportunities in a sustainable ocean.
We have made 23 investments in exciting ocean tech companies from 14 countries. All our portfolio companies participate in a 3-month long accelerator program out of Oslo, Norway. We have a global network of more than 100 mentors supporting this, and a team based in Oslo, Norway and San Francisco, US. The investments are backed by a fund with international investors (Norway, Sweden, Germany, the Netherlands, Canada, Singapore). We have built a platform to push the green shift in the ocean industries, our impact is much bigger than the direct investments we make. We work with corporates and investors to encourage more investment, piloting and engagement with ocean tech startups. We attract interest from start-ups all over the world, and currently, have a pipeline of more than 1000 ocean technology start-ups. We have launched our report the Blue World Perspective with an overview of the global landscape for ocean impact startups.
Since Katapult Ocean was founded in April 2018, we have become a leading force in ocean technology impact investments. We recently joined the accelerator network of the UN Global Compact Action Platform for Sustainable Ocean Business, and we have been invited to sit on the Norwegian Prime Ministers advisory network for the High-Level Panel for a Sustainable Ocean Economy.