# Xocean

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xocean

- Industry: Information Services
- Headquarters: Ireland
- Website: www.xocean.com/
- Total disclosed funding: $7.4M
- Latest round: Series B (Mar 8, 2024)
- Investors on record: 3

## About

Founded in 2017 and based in County Louth, Ireland, Xocean Ltd. provides maritime data collection services such as fisheries surveys, bathymetric surveys, data harvesting, meteorological-oceanographical data measurement, and environmental measurement. The company was founded by its CEO, James Ives. In June 2024, Xocean Ltd. raised EUR 20 million in venture debt funding from the European Investment Bank.

The company offers a range of services, including seabed mapping, environmental monitoring, and asset integrity assessments. The firm’s solution provides a carbon-neutral method for gathering and analyzing ocean data. Xocean’s platform supports various sectors such as offshore wind, geophysical studies, and fisheries by delivering actionable insights. The company’s services also include direct data acquisition and processing, as well as an extensive data library with technologies like multibeam echosounders and side-scan sonar.

The organization plans to use the June 2024 funding to accelerate international growth and drive further technical innovation.

## Funding rounds

- Series B, Mar 8, 2024, $7.4M — Endeavor Catalyst, VentureWave Capital, Enterprise Ireland

## Investors

- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- VentureWave Capital (https://capitalatlas.ai/funds/venturewave-capital) — Series B
- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Series B