Swiss Ocean Tech, the Swiss startup bringing safety to anchoring, has announced the successful completion of their latest financing round, raising a total of CHF3.74 million in equity financing. The funds will enable the company to scale operations as its flagship product, AnchorGuardian, moves into series production.

The financing round marks a significant milestone in the company’s growth trajectory. It includes a blend of new investment and the conversion of existing financial instruments. Specifically, Swiss Ocean Tech secured CHF1.20 million in fresh equity investment from private angel investors. These new backers join a growing community of stakeholders who share the company’s commitment to innovation and safety in the maritime sector.

In addition to the new funding, CHF2.54 million was raised through the conversion of existing Convertible Loan Agreements (CLAs) into company shares. This conversion underscores the continued confidence and long-term commitment of Swiss Ocean Tech’s existing investor base. By choosing to convert their loans into equity, these investors are backing the company’s progress and its readiness for the next phase of development.

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Swiss Ocean Tech Founder and CEO, Thomas Frizlen, stated: “We are proud to have both new and existing investors showing their confidence in our mission to enhance anchoring safety and sustainability at sea through our flagship solution, AnchorGuardian.”

He continued: “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 setting the standard for safe anchoring.”

The capital raised will primarily support scaling up production capacity, strengthening the supply chain, and enhancing customer support in preparation for wider market adoption. It also positions the company to deepen collaboration with commercial partners and shipbuilders as it continues its mission to bring advanced anchoring technology to vessels around the world.

Swiss Ocean Tech remains committed to its vision of improving safety and environmental responsibility at sea through innovation.

To learn more, visit: swissoceantech.com