# Poseidon Ocean Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/poseidon-ocean-systems

- Industry: Agribusiness
- Headquarters: Canada
- Website: www.poseidonos.com
- Total disclosed funding: $25M
- Latest round: Series B (Mar 18, 2024)
- Investors on record: 4

## About

Founded in 2015 by Heather Clarke (COO) and Matt Clarke (CTO), and based in Campbell River, Canada, Poseidon Ocean Systems Ltd. operates as an aquaculture engineering and support company that designs, develops, supplies, and installs infrastructure for marine and aquaculture industries. In March 2024, Poseidon Ocean Systems Ltd. raised CAD 28 million in series B funding led by investor Ecosystem Integrity Fund, with participation from other investors InBC Investment and Export Development Canada. As of July 2024, the firm has offices in British Columbia, Canada, and Puerto Varas, Chile along with distribution partnerships across the UK, Norway, and Australasia, and is led by its CEO, Jamie Gaskill.

Poseidon is dedicated to enhancing fish welfare and sustainability in salmon farming through its technologies. Their product line includes the Flowpressor and Oxypressor systems for efficient aeration and oxygenation, and the Depth Charge, an oxygen diffuser. These technologies are designed to improve fish health, reduce energy consumption, and lower operational costs. The company also offers integrated cage systems like Trident and CMAS (Closed-Containment or Semi-Closed Containment Technology), which optimize environmental conditions and increase farming efficiency.

The company plans to utilize the March 2024 funding to broaden its reach into international markets, strengthen its ties with farmers in Canada, Chile, and the UK, and open up new markets.

## Funding rounds

- Series B, Mar 18, 2024, $21M — Export Development Canada, InBC Investment, Ecosystem Integrity Fund
- Series A, Jan 13, 2021, $3.9M — Export Development Canada, AG Capital Canada

## Investors

- Export Development Canada — Series A, Series B
- AG Capital Canada (https://capitalatlas.ai/funds/ag-capital-canada) — Series A
- InBC Investment — Series B
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series B