Swiss Ocean Tech closes Pre-Series A Financing Round of CHF1’500’000
Bremgarten, 18 October 2022 – Swiss Ocean Tech, the Swiss start-up bringing safety to anchoring, successfully closed its Pre-Series A financing round of MCHF 1,5. Swiss Ocean Tech will use the funds to focus on industrialisation and bringing AnchorGuardian to market in 2023.
Swiss Ocean Tech has successfully closed its Pre-Series A financing round of CHF1’500’000. Formally registered as a share’s corporation in 2020, Swiss Ocean Tech focuses on bringing safety to anchoring for sailor, ship and sea. Home of AnchorGuardian, a cutting-edge and patented technology which measures the position and absolute movement of a ship’s anchor providing early alarms when dragging is imminent.
“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 land-locked 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 supports 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.”
Frizlen added, “The focus of our efforts is safe anchoring. For that to succeed, the process has to become simpler. We are giving captains the information and control they need to set the anchor in the best possible way and to monitor it in real time while anchoring. We are taking the principle of anchor watch to the next level.”
About Swiss Ocean Tech Ltd.
Swiss Ocean Tech Ltd. is a Swiss based company formally registered as a shares corporation in 2020. With a team of 8 spread out across Europe, Swiss Ocean Tech partners with leading research and technology organisations to bring safety to anchoring for sailor, ship and sea. Home of AnchorGuardian, a cutting-edge and patented technology which measures the position and absolute movement of a ship’s anchor providing early alarms when dragging is imminent. AnchorGuardian is set to go into production 2023. In 2022, Swiss Ocean Tech was nominated as a finalist in the Oceans Awards, held in partnership with BOAT International and the Blue Marine Foundation, celebrating the achievements of individuals, groups and organisations from around the world dedicated to restoring the health of our oceans. For more news on Swiss Ocean Tech, go to www.swissoceantech.com