ZeroNorth, a Copenhagen, Denmark-based maritime technology company focused on accelerating the transition to greener global trade, raised over $50 million 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, expand its customer-facing teams, and pursue M&A to add data, products, and services to the platform.

Company: ZeroNorth, Inc.

Raised: $50.0M+

Round: Series B

Funding Month: June 2022

Lead Investors: PSG Equity

Additional Investors: A.P. Moller Holding and Cargill

Company Website: https://zeronorth.com/

Software Category: Maritime Technology

About the Company: ZeroNorth leads the green transition of the shipping industry together with its partners and customers, using technology and turning data into actions to support the dual aims of maximizing business while also supporting the drive towards decarbonization. The ZeroNorth platform helps vessel owners and operators to optimize voyages, vessels, and bunkers to immediately reduce CO2 emissions, supporting the industry’s decarbonization journey. The company has its headquarters in Copenhagen, Denmark.

Source: https://www.finsmes.com/2022/06/zeronorth-raises-over-50m-in-series-b-funding.html