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December 2022 Skysail Maritime Technology Landscape


The December 2022 Skysail Advisors Ltd Maritime Technology Landscape is now available.



 

Highlights of the December 2022 Skysail Maritime Technology Landscape:


  • ZeroNorth raised over $50 million in a Series B in June, bringing in new investment from PSG Equity alongside further investment from current shareholders A.P. Moller Holding and Cargill. In November ZN acquired Prosmar’s online bunker and platform to accelerate digitalization and improve bunker price transparency.

  • Montague Private Equity acquired Lloyds List Intelligence for $455 million, complementing its data and analytics portfolio with a household name in the maritime tech space used by 40,000+ active users across 2,500 companies.

  • Alfa Laval acquired BunkerMetric to enhance StormGeo’s route advisory and voyage optimization solutions with BunkerMetric’s bunker decision support tools.

  • WiseTech Global acquired e-Bill of Lading pioneer Bolero for $66.2 million, a multiple of 6.5x revenues. The subsequently followed this up with a tuck-in acquisition of Shipamax, which graduated from Y Combinator in 2017.

  • The trend of Classification Societies making strategic investments in digitalization continues, as Lloyd’s Register acquired OneOcean from Equistone Partners Europe. OneOcean was founded by the merger of ChartCo and Marine Press and complements LR’s existing portfolio of HanseaticSoft, i4 Insight, C-MAP Commercial and Greensteam.

  • Sea/ announced the acquisition of fixture recap pioneer Chinsay, consolidating its control of the digital charterparty segment. Sea/ subsequently acquired Setapp, a software development shop with maritime expertise, to expand its development resources.

  • Over the past few months, several startups have raised strong seed, follow-on, and grant funds around themes of port and vessel intelligence, digital maritime platforms, and CII reporting. Leading the follow-ons in the US were ShipIn Systems ($24 million) and Bearing.ai ($7 million). Leading the European front were Harbor Lab’s (Greece) €6.1 million raise from a broad range of maritime tech investors, Sinay’s (France) €1.6 million contract with the European Space Agency, and Kaiko Systems’ (Germany) €2 million raise.

To learn more about Skysail's strategy, M&A advisory, and maritime tech landscape services, please get in touch with us at info@skysailadvisors.com.


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