Xocean, a provider of ocean data to the offshore energy and civil hydrography sectors, has closed a €115 million fundraise that will help support its ongoing growth across the company’s expanding global footprint.
The company partnered with S2G Ventures to structure the round, which was funded by S2G, Climate Investment, Morgan Stanley’s 1GT fund, and an affiliate of the Crown Family’s CC Industries, collectively referred to as “the investor consortium”.
This financing will support Xocean in accelerating the growth of its platform servicing the offshore energy and civil hydrography sectors. It will also help enable the company’s geographic expansion and product innovation efforts to meet the rapidly growing demand for high-quality data solutions across the blue economy. [Read more…] about Xocean secures €115 million investment to accelerate growth of its ocean data services platform