Norway based Flocean Secures $22.5M In Series A extension Funding

The funding round was led by Xylem Inc. (NYSE: XYL), Burnt Island Ventures, Freebird Capital, Katapult Ocean, and Nysnø Climate Investments, with participation from new investors including Ari Emanuel, Orion, Rypples, and Wellers Impact’s Water Unite Impact Fund. The CEO of Asset Buyout Partners (ABP) also joined the round.

Flocean plans to use the funding to accelerate the launch and operation of Flocean One in 2026 at Mongstad, support continued organizational growth, and advance large-scale commercial projects across Europe, the Middle East, the Americas, and island nations.

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Founded in 2024 as a spin-out from FSubsea by Alexander Fuglesang, Flocean develops patented, modular subsea desalination systems that harness natural pressure and stable water quality at 400–600 meters depth to produce low-carbon freshwater without toxic brine discharge or coastal infrastructure.

Flocean One is set to produce 1,000 cubic meters of freshwater per day at launch, with a modular design that can scale to 5,000–50,000 cubic meters daily, serving municipalities, industrial operations, and agricultural clients in over 90 water-stressed coastal markets worldwide.

The company also announced an agreement with Norway’s Alver Municipality to explore supplying Flocean water to industrial and consumer customers and assessing integration into existing water infrastructure.

"We're not making an incremental improvement we're changing the fundamental economics of water," said Alexander Fuglesang, Founder & CEO of Flocean. "Water-intensive industries from semiconductors to data centers to mining are increasingly constrained by water scarcity. They need solutions that can deploy faster, cost less, and operate more sustainably. That's exactly what subsea desalination delivers."

“Flocean’s subsea desalination technology represents a bold leap forward in how we produce fresh water and address water scarcity -- one of the most urgent challenges of our time,” said Snehal Desai, Chief Growth and Innovation Officer at Xylem. “As demand for water accelerates globally, we’re investing in breakthrough technologies that have strong potential to scale. This partnership reflects our commitment to solving water with innovation that empowers our customers and communities to build a more water-secure world.”

About Flocean

Flocean founded in 2024 as a spin-out from FSubsea, is a Norwegian subsea desalination company revolutionizing freshwater production. Its patented modular systems use ocean depth pressure and stable water quality to provide low-cost, low-carbon drinking water without brine discharge or coastal infrastructure, combining 30 years of subsea engineering expertise.