OceanScore, a provider of maritime emissions data and compliance management solutions, has successfully closed a €5 million Series A financing round.
The German start-up’s digital solutions include the flagship ETS manager and the new FeulEU suite of solutions, which manage the risks associated with these new regulatory environments and assist in decision making.
OceanScore will deploy this new influx of capital in further developing its technology portfolio and expanding the business. This latest tranche of investment includes contributions from existing investor theDOCK and new investors such as Stolt Ventures, Motion Ventures, and Portline, along with various angel investors.
All previous investors, including MSC and Peter Döhle, have retained their shares.
Nir Gartzman, Co-founder of theDOCK, commented: “OceanScore’s impressive growth and exceptional team align perfectly with our mission to support startups that aim to make global trade more sustainable while introducing viable business models. Their success in building a market-leading ETS solution, used by shipping companies worldwide, gives us great confidence in OceanScore’s ability to dominate also the FuelEU Maritime market.”
Albrecht Grell, Managing Director at OceanScore, said: “We are thrilled by the support we are receiving from these pedigree investors and the opportunities this offers to us. Seeing the strong demand for our solutions around the globe and the positive response for our new FuelEU solutions, we are excited to double down on investing in our global footprint, product development and AI capabilities.”
Source: OceanScore