On March 13, 2024, MarineLabs announced it closed a $4.5 million seed funding round led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards. MarineLabs plans to use the funding to advance CoastAware, their flagship product. CoastAware provides real-time weather intelligence, that enhances safety, efficiency, and sustainability in maritime operations.
MarineLabs Data Systems is a coastal intelligence company based in Victoria, British Columbia.
BDC Capital’s Sustainability Venture Fund invests in early-stage businesses developing technologies that contribute to a net-zero economy.
Osler, Hoskin & Harcourt LLP advised MarineLabs with a team consisting of Justin Young and Sylvia Rowat (Emerging and High Growth Companies).