Swiss Ocean Tech Ltd. closes 1st seed financing round of 980’000CHF

Posted by Suzy Chisholm
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Shortly after registering as a shares corporation beginning of the year, Swiss Ocean Tech Ltd. successfully closed its first seed financing round in February 2020. 

The company raised CHF980’000 from private and institutional investors and secured additional support from grant providers such as Venture Kick to surpass the CHF1 million mark.  

“The financial support is one thing, but receiving the moral backing and belief in the future of a completely new market, is incredibly motivating and stimulating for all of us here at Swiss Ocean Tech.  We are redefining the marine industry and taking the fine art of anchoring to a new level of safety”, says Managing Director and Founder Thomas Frizlen.

Swiss Ocean Tech Ltd, a Swiss start-up and home of AnchorGuardian, is developing the first patented technology which measures the position and absolute movement of a ship’s anchor providing early alarms when dragging is imminent.  Together with partners from leading research and development centres such as the Swiss Center for Electronics and Microtechnology in Neuchatel/Switzerland, Data Respons ASA in Oslo/Norway,  the University of Stuttgart in Stuttgart/Germany and the Zühlke Technology Group based in Schlieren/Switzerland, Swiss Ocean Tech is bringing safety to anchoring for sailor, ship and sea.