CMS advises on Bound4blue’s $44 million funding round
CMS Albiñana & Suárez de Lezo has advised private equity and venture capital firm Octave Capital as lead investor in Bound4blue’s $44 million funding round to accelerate the decarbonisation of the maritime sector.
Bound4blue, a global leader in wind propulsion systems, has closed a $44 million (€37.8 million) financing round backed by major maritime corporations, fleet-owning families, climate-focused investors and public capital.
The round was led by Octave Capital, an investment platform linked to the major shipowner IMC, and Katapult Ocean. The transaction brings in new investors, including Motion Ventures, the Odfjell family office and the ReOcean Fund — led by the Prince Albert II of Monaco Foundation and Monaco Asset Management — alongside existing investors such as Shift4Good, GTT Strategic Ventures, KAI Capital and CDTI (Innvierte SICC).
The investment underscores a growing consensus in the industry: suction sails are establishing themselves as the primary route to immediate and scalable decarbonisation in the global fleet, while also generating commercial benefits.
Octave Capital is a Singapore-based private equity and impact venture capital firm committed to driving maritime innovation and sustainable ocean development by investing in regenerative solutions that strengthen a welfare economy and deploying catalytic capital to drive systemic change in Asia and globally.
The team was formed by Corporate/M&A partner Pedro Ferreras, senior associate Eric Domènech and associate Irene Carol, from the same department.
