Blueseed Receives Funding for Its Startup Community on a Ship

December 15, 2012

10:00 am

Last year, I wrote about Peter Thiel’s investment in floating startup nations. Now, another futuristic – yet very real – project is being funded to make startup nations a reality.

This week, Blueseed, the planned startup community on a ship, received seed funding from leading venture capitalists. Backers include Floodgate Fund, Correlation Ventures, and Xu Xiaoping and Wang Qiang of Chinese investment fund ZhenFund.

Palo Alto-based Floodgate Fund is led by investor Mike Maples Jr., an early investor in Twitter, Digg, and Chegg. Based in Palo Alto and San Diego, Correlation Ventures raised $165M in 2012 with its revolutionary analytics-based startup evaluation approach. High-profile Chinese venture capital firm ZhenFund raised $30 million for its most recent fund, launched in conjunction with Silicon Valley heavyweight Sequoia Capital.

Blueseed is creating a high-tech startup community on a cruise ship to be anchored in international waters 12 miles from the California coast. Its model is to take in startups from around the world, connect them with resources in Silicon Valley, and help them scale until they’re ready to move into Silicon Valley proper. Their mission – creating jobs and fostering technological innovation.

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Meg Rayford is a communications consultant based in Northern Virginia. She previously spent two years as the Director of Public Relations for a nonprofit startup, where she learned a lot about providing clean water for impoverished countries, even within the confines of a bootstrapped startup. She is the editor of Tech Cocktail, and she develops media strategies for companies in Washington, DC and Virginia. You can read her most recent work in the marketing chapter of the upcoming book, "Social Innovation and Impact in Nonprofit Leadership," which will be published in Spring 2014 by Springer Publishing. Follow her @megkrayford.

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