Growth · Robotics
XOCEAN raises €115m to expand ocean data services
The Irish company will expand its uncrewed survey fleet’s reach across offshore energy and hydrography.
XOCEAN has closed a €115 million financing structured with S2G Investments. The investor consortium includes S2G, Climate Investment, Morgan Stanley 1GT and an affiliate of the Crown family’s CC Industries.
The funding will support geographic expansion, product development and growth of its ocean data platform. The company serves offshore energy and civil hydrography customers, with work spanning wind projects, infrastructure inspection, carbon capture and storage, and subsea connections.
Use of funds
Expand ocean data platform and geographic reach
Funding history
Growth · This round€115M