ZeroNorth, a Copenhagen, Denmark-based maritime technology company focused on accelerating the transition to greener global trade, raised over $50M in Series B funding.
The round was led by PSG Equity, with participation from A.P. Moller Holding and Cargill.
The company intends to use the funds to accelerate growth over the coming years, continue investing in product innovation, expanding its customer facing teams and pursuing M&A to add data, products and services to the platform.
Led by CEO Søren Meyer, ZeroNorth provides a range of software solutions that enable the global shipping industry to cut emissions and reduce its impact on the climate, whilst maintaining commercial performance. In particular, the platform helps vessel owners and operators to optimise voyage, vessel and bunkers to immediately reduce CO2 emissions, supporting the industry’s decarbonisation journey.
As a demonstration of this impact, the company is on course to help cut CO2 emissions by over half a million metric tonnes in 2022, up from 218,000 tonnes in 2021.
FinSMEs
02/06/2022