Globavista, a London, UK-based company providing software solutions to the maritime sector, received a follow-on investment from IW Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to take advantage of this key moment by providing additional resources to further support the development of its software and sales capabilities.
Led by Mark Hewish, Managing Director, Globavista provides internet-based software solutions to the maritime sector, primarily through its online vessel tracking solution under the BigOceanData brand. BigOceanData is a supplier of software solutions for the shore-based maritime industry, and they provide a broad range of solutions from ship tracking, through to advanced vessel fleet operations, to integrated business intelligence solutions for large and small businesses.
The vessel tracking software platform processes and delivers over 20 million messages every 24 hours across 200,000 vessels, including identification, latitude/longitude, speed, draught, course, destination, and status. In addition to this, it provides integration of Google map views, nautical charts and a plethora of nautical data such as weather, sea state and tidal information.
FinSMEs
04/11/2024