Oslo, Norway Nov 25th 2019
We are proud to announce that Raino Tech4Impact has received investment from Katapult Ocean. Katapult Ocean invests in and helps build and scale profitable businesses with a positive impact on the ocean. We have been selected as one of twelve global companies to participate in the second accelerator cohort taking place in Oslo from November 25th 2019 to February 20th 2020. In the selection process, Katapult Ocean had a pipeline with more than 850 startups to select from.
“We are delighted to have been selected to join Katapult Ocean. Katapult Ocean is one of the key blue ecosystem players we have been working to establish a long-term partnership with. They offer value in addition to their cash investment, and we look forward to this partnership,” said Francis Nderitu, the Managing Director.
“Post-harvest loss in East Africa is a huge and overlooked problem area. We were impressed by the passionate and multidisciplinary team at Raino Tech4Impact, who are addressing this challenge directly through an innovative and scalable business model,” said Maren Hjorth Bauer, CEO and Co-founder of Katapult Ocean.
We are proud to attend the Katapult Ocean accelerator program together with these 12 impact-driven ocean startups from 9 different countries:
ARC Marine (UK) – disrupting the marine industry by accelerating reef creation in offshore construction projects which historically have caused damage and pollution: https://arcmarine.co.uk/
Algalife (Israel) – Inside out good fabric: https://www.alga-life.com/
Hydrolift Autonomous City Ferries (Norway) – Smart, green ferries designed to revolutionize urban transport systems globally: https://hydrolift.com/cityferries/
Innomar (Norway) – Making fishing sustainable: https://www.innomar.no/
Marimetrics (Canada) – A real-time aquatic animal health diagnostic tool for aquaculture: https://www.marimetrics.com/
Nautix Technologies (Denmark) – Next-generation ship management software for smarter, safer, and more reliable ship operations: https://www.nautixtech.com/
Oceanium (UK) – Marine-safe bio-packaging and plant-based food and nutrition products from sustainably farmed seaweed: https://www.oceanium.co.uk/
Pinovo (Norway) – A clean and circular abrasive blasting method for surface treatment, helping prevent microplastics from entering the ocean: https://www.pinovo.com/
Raino Tech4Impact (Kenya) – Leveraging technology to decentralize and democratize cold-chain access in fisheries and aquaculture in East Africa, reducing cost and entry barriers: https://www.raino.co.ke/
Saathi (India) – Manufacturing 100% biodegradable and compostable natural sanitary pads from banana fiber: https://saathipads.com/
Sanoor Technologies (USA) – Developing cutting-edge optics solutions for next-generation subsea communications: http://sanoortech.com/
Tracio (Iceland) – Keeping seafood fresh and safe: https://www.tracio.is/
About Katapult Ocean
Katapult Ocean’s vision is a thriving ocean in harmony with economic development. To fulfill this, Katapult Ocean invests in and supports startups with a positive impact on our oceans. It does this through its ocean impact accelerator, the Katapult Ocean fund, and by creating positive awareness of business opportunities in a sustainable ocean.
Katapult Ocean has made 23 investments in ocean technology companies from 14 countries. Its portfolio companies participate in a three-month accelerator program in Oslo, Norway, supported by a global network of more than 100 mentors and teams based in Oslo and San Francisco.
The investments are backed by a fund with international investors from Norway, Sweden, Germany, the Netherlands, Canada, and Singapore. Katapult Ocean also works with corporates and investors to encourage investment, piloting, and engagement with ocean technology startups.
Katapult Ocean attracts interest from startups around the world and has built a global network of ocean technology companies. It has also published the Blue World Perspective report, providing an overview of the global landscape for ocean impact startups: http://www.katapultocean.com/blueworldperspective.
Since Katapult Ocean was founded in April 2018, it has become a leading force in ocean technology impact investments. It joined the accelerator network of the UN Global Compact Action Platform for Sustainable Ocean Business and was invited to participate in the Norwegian Prime Minister’s advisory network for the High-Level Panel for a Sustainable Ocean Economy.
