TLDR:
- High-profile venture capital firms, including S2G Ventures, have invested $90 million in maritime surveillance company Unseenlabs
- Unseenlabs provides radio frequency data for the maritime industry, allowing for 24/7 tracking of vessels worldwide
A consortium of top venture capital firms, including Walton-backed S2G Ventures, recently invested €85 million ($92 million) in maritime surveillance company Unseenlabs. Based in France, Unseenlabs offers radio frequency data services to the maritime industry, allowing for constant tracking of vessels around the globe. The majority of Unseenlabs’ clients are in the fishing industry, utilizing the data to monitor illegal and unregulated fishing activities.
SG2 Ventures Managing Director Larsen Mettler highlighted Unseenlabs’ technology as a “breakthrough for monitoring overfishing,” emphasizing the importance of traceability within the seafood sector. With the ability to track products all the way to the processor, Unseenlabs’ technology provides a valuable tool for combating unethical fishing practices.
This investment represents a significant step towards improving transparency and sustainability within the fishing industry, showcasing the importance of innovative technologies in monitoring and regulating fishing activities worldwide. With a focus on traceability and real-time monitoring, Unseenlabs’ services have the potential to revolutionize how the seafood sector tracks and responds to issues such as overfishing and illegal practices.
