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MOL PLUS, Signal Ventures, and IMC Ventures have joined Singapore-based Motion Ventures corporate consortium USD 30M investment fund.

Tilla Systems, a new start-up founded by company builder Flagship Founders, has developed a smart platform for the automated planning and execution of cargo ship crew changes.

Dry bulk owner and operator Oldendorff Carriers has invested in and become a minor shareholder of Groke Technologies, a Finnish start-up creating navigation solutions and developing new navigation technologies.

BCG Digital Ventures (BCGDV), the innovation arm of Boston Consulting Group (BCG), has announced that SOL-X, Chord X, and Spares CNX will join its portfolio of innovative businesses and products with the backing of shipping company MISC Group.

Greek startup Harbor Lab welcomed in June its 300th vessel to its online disbursements platform. The achievement was realised 15 months after the software company launched its disbursements accounting (DA) processing solution for the shipping industry, which gives vessels’ operators access to agents and vendors at ports across the globe reducing back office administration by 75 per cent. 

Safetytech Accelerator, a not-profit founded by Lloyd’s Register to solve safety and risk industrial challenges with digital solutions, has announced it is launching a new dedicated acceleration programme to enable the commercialisation of emerging safety and risk technology in the marine industry.

Autonomous marine navigation start-up Orca AI has raised $13 million in Series A funding, taking its total raised to over $15.5 million to support the company’s investment in technology, international expansion and growth.  

A new study sponsored by Inmarsat offers insight into digital-enabled maritime start-up culture in Singapore.

Tuesday, 30 March 2021 11:03

Silicon Valley start-up acquires Navis

Navis has announced that Accel-KKR, a Silicon Valley-based technology-focused investment firm, has reached an agreement to acquire Navis from Cargotec.

Motion Ventures, the consortium-driven investment fund powered by Rainmaking, has launched today with a S$30M target. Wilhelmsen and HHLA have been confirmed as anchor investors to accelerate start-ups solving maritime value chain hurdles with strategic capital and support.

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