# Tech Ocean

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

- Industry: Internet
- Headquarters: Tokyo, Japan
- Website: https://techocean.co.jp/
- Total disclosed funding: $2M
- Latest round: Series A (Oct 20, 2022)
- Investors on record: 6

## About

Tech Ocean Co., Ltd. is a Tokyo-based company that specializes in advanced marine technology solutions, providing essential tools for oceanographic research and environmental monitoring.Founded in 2018 in Tokyo, Japan, Tech Ocean Co., Ltd. develops innovative technologies for marine research. The company raised approximately JPY 300 million in Series A financing on October 20, 2022, from a consortium of investors including Mitsubishi UFJ Capital and Mizuho Capital. Over its history, Tech Ocean has successfully completed 2 deals, establishing itself as a key player in the marine technology sector.Tech Ocean Co., Ltd. specializes in advanced marine technology solutions, focusing on enhancing oceanographic research and environmental monitoring. The company's core offerings include sophisticated data collection instruments and analysis software that facilitate real-time environmental assessments. These products are designed to address critical challenges such as climate change, biodiversity monitoring, and the sustainable management of marine resources. Tech Ocean's client base primarily consists of governmental research institutions, environmental NGOs, and private sector firms involved in marine and environmental sciences. Their products are utilized globally, with particular market penetration in North America, Europe, and parts of Southeast Asia, where there is substantial demand for marine research technologies.Tech Ocean Co., Ltd. generates revenue through a combination of direct sales and strategic partnerships with various stakeholders in the marine research sector. The company engages in direct-to-consumer transactions, providing its flagship data collection instruments and associated software solutions to universities and research organizations. Revenue is structured around multi-tiered pricing plans based on product specifications and service packages, tailored to meet the unique needs of each client. For instance, long-term contracts for environmental monitoring projects may involve recurring fees for software updates and data analysis services, ensuring ongoing customer engagement and support.In October 2022, Tech Ocean raised approximately JPY 300 million in Series A financing, which will be utilized to invest in business expansion, product development, and recruitment. The company is currently designing new products aimed at enhancing its range of data collection instruments, with planned releases set for the next 12 months. Tech Ocean aims to expand its market presence in North America and Europe, targeting these regions for growth by the end of 2023, focusing on the increasing demand for marine technology solutions.

## Funding rounds

- Series A, Oct 20, 2022, $2M — Mitsubishi UFJ Capital, SMBC Venture Capital, Mizuho Capital, Venture Labo Investment, UTokyo Innovation Platform, Nanto Capital Partners

## Investors

- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A
- Venture Labo Investment (https://capitalatlas.ai/funds/venture-labo-investment) — Series A
- UTokyo Innovation Platform (https://capitalatlas.ai/funds/utokyo-innovation-platform) — Series A
- Nanto Capital Partners (https://capitalatlas.ai/funds/nanto-capital-partners) — Series A