XOCEAN Secures €115 Million to Propel Ocean Data Platform

Deal News | Jan 09, 2025 | OGCI Climate Investments LLP

XOCEAN, a prominent provider of ocean data services specializing in offshore energy and civil hydrography, has successfully secured €115 million in investment. The funding will be utilized to stimulate the expansion of its integrated ocean data services platform, enhancing its capabilities across key sectors. Leading the investment is OGCI Climate Investments LLP, which aims to support companies addressing climate change and improving operational efficiency in associated industries. This significant financial backing highlights the growing recognition of the critical role ocean data plays in global energy and environmental management.

Sectors

Ocean Data Services
Renewable Energy
Climate Investment

Geography

Ireland – HQ location of XOCEAN and the geographical focus for a segment of the ocean data services provided.
Global – Represents the operational reach of XOCEAN as a provider of ocean data services to worldwide offshore energy sectors.

Industry

Ocean Data Services – The industry segment focusing on the collection, analysis, and distribution of oceanographic data to support offshore energy and hydrography projects.
Renewable Energy – As XOCEAN's services are integral to the offshore energy sector, particularly in supporting sustainable and renewable energy projects.
Climate Investment – Reflecting OGCI Climate Investments LLP's focus on funding companies and technologies that address climate change and environmental efficiencies.

Financials

€115 million – The amount of investment secured by XOCEAN to accelerate its growth in the ocean data services sector.

Participants

Name	Role	Type	Description
XOCEAN	Target company	Company	A leading provider of ocean data services to the offshore energy and civil hydrography sectors.
OGCI Climate Investments LLP	Investor	Company	A private equity firm investing in companies and technologies that mitigate climate change.