Spot Ship secures £1m from Ventures.eu and other backers to modernise ship chartering.
Ventures.eu led the £1m round to back the maritime logistics platform.
Spot Ship provides a cloud-based software platform that modernises global ship chartering using artificial intelligence and machine learning. The system transforms maritime logistics by reducing vessel chartering times from six days to two hours.
Spot Ship has secured £1m in investment led by Ventures.eu to modernise global ship chartering and expand its maritime logistics platform. The round included participation from Improbable chief executive Herman Narula, Tradeworks.vc, and Marcel Kind. The funding will support the company as it scales its technology and addresses data efficiency challenges in the shipping industry.
From the founder
"Our mission is to bring 21st-century speed to a centuries-old industry. Ventures.eu shares that vision and has delivered value from day one. Their ability to bridge the gap between a startup and global shipping giants has already resulted in new customers and investors, and we’re thrilled to have them leading this round as we modernise ship chartering globally."
James Kellett
Founder and CEO at Spot Ship
Investor perspective
"We are thrilled to support Spot Ship as our inaugural investment,"
Fernando Ferreira
Managing Partner, Ventures.eu