Happy World Ocean Day from everyone at Propeller! It’s been a busy start since we got going about a year ago, and in honor of World Ocean Day, we thought we’d share some progress thus far!
- Despite the broader market slowdown, Propeller is actively investing and building ocean-climate solutions. We have already closed 8 investments with a few more closing soon!
- We are now in our second round of our grant program with WHOI which will accelerate additional, impactful ocean-climate projects to advance science and solutions towards commercialization. We’re excited by the progress of these projects as we allocate funding to transformative ideas.
- We just ran our third Ocean MBA program, and have now helped accelerate over 60 ocean founders on their entrepreneurial journeys.
- We’re excited to finally share a preview of our portfolio. While most of our portfolio companies are still in stealth, you can see the areas in which our founders are doing impactful work. It is a pleasure working with such brilliant, persistent, and inspiring founders in the ocean-climate space and we can't wait to reveal each of them!
- Climate Central released an impactful and informative World Ocean Day briefing for which our Partner, Dr. Julie Pullen is an expert advisor. Worth a full read, but some topline reminders here:
- 2022 was the warmest year on record for oceans, and 2023 temperatures continue to rise
- Oceans store around 45x more carbon than the atmosphere
- Oceans absorb 90% of the heat from carbon pollution
- Finally, to hear more about some of our work at Propeller thus far, please tune into the latest episode of the My Climate Journey podcast also featuring our partner Julie.
We believe that ocean health and resilience is critical to supporting all life on Earth. As we celebrate World Ocean Day today (and everyday!), we want to take this opportunity to remind everyone of the urgent need to protect our ocean and safeguard the health of our planet. If you're wondering what you can do, check out the 30x30 action items on the World Ocean Day site, and support this global initiative to protect 30% of the global ocean by the year 2030.
By supporting 30×30, together we can protect our planet’s life support systems – specifically the interconnected issues of ocean, climate, and biodiversity. Currently, less than 17% of land and 8% of the ocean worldwide is protected. By signing the petition, you can help make a difference in protecting the ocean and ensuring a healthy future for our planet.
We are committed to continuing our work in funding innovative ocean solutions and supporting a healthy and sustainable ocean for generations to come. Thank you for joining us on this important mission!
