Swiss Ocean Tech closes pre-series A financing round of CHF 1.5 million
21.10.2022
The Swiss startup will use the funds to focus on product development and to bring its patented technology, AnchorGuardian, to market in 2023. AnchorGuardian offers a new dimension of safety at sea by minimizing the risk of anchor dragging, providing predictions and immediate alarms. The company participated in Venture Kick in 2019, winning CHF 50,000 to accelerate the development of their technology.
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Swiss Ocean Tech successfully closed its pre-Series A financing round of CHF 1.5 million. Formally incorporated in 2020, Swiss Ocean Tech focuses on bringing safety to anchoring with its patented anchoring technology.
Their product offers safety during anchoring by identifying dangerous anchor drag in real-time, independent of GPS and ship movement. AnchorGuardian predicts the anchor hold with early warnings and provides essential information while laying and lifting the anchor and when at anchor.
For Swiss Ocean Tech’s Founder, Thomas Frizlen, the pre-Series A investment reflects the continued trust and enthusiasm felt by the investors: “I am incredibly proud to have this group of investors who believe in our vision of safe anchoring and who are accompanying us along on our young journey. Even as a landlocked country, our Swiss investors understand the need for innovation when it comes to the health of our oceans and the safety of all seafarers. Our strategic partners from the superyacht and shipping industry are invaluable supporters enriching our team with their insights and expertise. With the additional capital, we can expand our team with the necessary talent, industrialize and bring AnchorGuardian to market in 2023.”
The company participated in the Venture Kick program in 2019, winning CHF 50,000 in the second round.