A consortium of high-profile venture capital firms, including Walton-backed S2G Ventures, pumped €85 million ($92 million) into maritime surveillance company Unseenlabs as part of an investment round that closed in late February.

France-based Unseenlabs provides radio frequency data for the maritime industry, offering the ability to track vessels 24/7 anywhere on the globe. The majority of the company's clients are in the fishing industry, who are using the data to track illegal and unregulated fishing.

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SG2 Ventures Managing Director Larsen Mettler told IntraFish his group sees Unseenlabs' technology a "breakthrough for monitoring overfishing."