On October 22, 2025, MarineLabs Data Systems Inc. (MarineLabs) announced the successful closing of its $4 million seed extension financing round led by BDC Capital’s Sustainability Venture Fund with participation from InBC Investment Corp. (InBC). MarineLabs plans to use the funding to advance expansion of their sensor network and drive go-to-market growth across North America.
MarineLabs, based in Victoria, BC, is a coastal intelligence company delivering high-resolution real-time and historical wind, wave, and weather data and AI-driven forecasts from a North America-wide fleet of cloud-connected, rugged sensors to transform marine safety and help build climate-resilient coastlines.
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, Sylvia McLean and Alexander Pescitelli (Emerging & High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Vancouver
Team
Associate, Emerging and High Growth Companies, Vancouver
Associate, Emerging and High Growth Companies, Vancouver
