RunwayFBU and Katapult Ocean have completed the sale of their stakes in the Italian underwater-communications company WSense. This marks their exit from an innovative field focused on developing advanced underwater communication technologies.
As part of this transaction, the shipbuilding giant Fincantieri will take control of WSense. The two Norwegian early-stage investors divested their holdings, with the financial details of the sale remaining undisclosed.
The exit from WSense allows RunwayFBU and Katapult Ocean the opportunity to redeploy their capital towards new ventures. Their removal from WSense may indicate a strategic pivot towards other investments in the tech arena.