Seatrec Raises $2 Million in Seed Funding

Seatrec, a renewable energy company that harvests energy from temperature differences in the environment, announced its $2 million seed funding round led by previous investor Dr. Norge Larson, with participation from Sunstone Management, Frontier Angels, SeaAhead’s Blue Angels and returning investors from Pasadena Angels.

Larson will bring his background in blue tech and business experience to Seatrec’s board as a director.

Sunstone’s John Shen will join the board as an observer. 

Seatrec’s funding news comes on the heels of two recent $10,000 prizes under the Powering the Blue Economy: Ocean Observing Prize administered by the U.S. Department of Energy and NOAA. The company shared one of the prizes with Northrop Grumman for a joint Mission Unlimited UUV Station concept.

Source: WebWire

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