This significant funding round is led by San Francisco-based philanthropists Marc and Lynne Benioff and an anonymous donor. Other supporters include the Julius Baer Foundation, Royal DSM, and Silicon Valley entrepreneur/investor Peter Thiel.
Over the past four years, The Ocean Cleanup has been developing a passive plastic capturing technology, which uses the ocean currents to catch and concentrate the plastic, reducing the theoretical cleanup time of the Great Pacific Garbage Patch from millennia to years. The Ocean Cleanup aims to launch its first experimental cleanup system in Pacific waters by late 2017. It will represent the most important milestone on the road to the full-scale cleanup of the world’s oceans.
Details on this project and the start of the cleanup will be shared with 3000 supporters at an event on Thursday May 11th at the Werkspoorkathedraal in Utrecht, the Netherlands, and will be followed by a media Q&A.
Marc Benioff, the Chairman and CEO of Salesforce stated: “Lynne and I are thrilled to support The Ocean Cleanup’s important goal of eliminating plastic in our oceans. With Boyan’s innovative leadership, I believe The Ocean Cleanup will have an incredibly positive impact on the future of our oceans. I hope other leaders will join us in supporting these efforts.”
Boyan Slat, the founder and CEO of The Ocean Cleanup, commented: “Our mission is to rid the world’s oceans of plastic, and this support is a major leap forward towards achieving this goal. Thanks to the generous support of these funders, the day we’ll be returning that first batch of plastic to shore is now in sight.”
- Fintech API platform TrueLayer secures $3 million to expand its team prior to launch
- Belgian job recruitment startup Sympl raises €1.1 million
- Marriott Hotels calls on tech start-ups to help to “shape the future” of travel
- Google launches digital academy in London to help up-skill UK start-ups
- UK Edtech startup Mrs. Wordsmith has raised £2 million to digitise the dictionary for kids
- UK-based MelodyVR raises £5 million to bring live concerts to viewers everywhere
- Helsinki-based Singa raises €1.75 million to digitize the global karaoke industry
- Amsterdam-based Aidence raises €2.25 million to improve healthcare with computer-aided diagnostics
- London-based music startup Mogees closes a $1.1 million funding round with the former CEO of EMI
- Konetik closed an investment round and finalised its move to Berlin after the Brexit