Emerging and High Growth Companies

MarineLabs in its closing of a $4.5 million seed funding round

MarineLabs Data Systems Inc.
Key Contact
Justin D. Young

Partner, Emerging and High Growth Companies, Vancouver

Team
Sylvia Rowat

Associate, Emerging and High Growth Companies, Vancouver

 

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).

 

 

 

Value
$4.5 million
Date Closed
13 March 2024
Lead Office
Vancouver
Key Contact
Justin D. Young

Partner, Emerging and High Growth Companies, Vancouver

Team
Sylvia Rowat

Associate, Emerging and High Growth Companies, Vancouver