Subsea Environmental Services performs recovery, decommissioning, processing and recycling of out-of-service submarine telecommunications cables, and provides shore-end decommissioning and logistics services to the telecom industry. Since commencing marine operations in 2014, the company has recovered over 40,000 kilometers of OOS cable and now has a portfolio of approximately 100,000 kilometers. Recovered cable is processed to recover ferrous and non-ferrous metals and high-grade plastics, which are reintroduced into the supply chain. Subsea conducts its operations in compliance with International Cable Protection Committee recommendations and industry regulations. The company plans to expand its submarine cable portfolio and accelerate growth, using new capital for vessel acquisitions and other growth opportunities. The business emphasizes environmental stewardship and resource recovery as core parts of its operating model.

Total raised

$31M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2022