Boosting decarbonisation in shipping, ZeroNorth adds $50 million to its kitty

Denmark-based technology company ZeroNorth has raised over $50 million in investment. The Series B round saw the participation of PSG Equity, existing investors A.P. Moller Holding and Cargill.

The new funding will allow ZeroNorth to ramp up operations and invest in product innovation to expand its customer-facing teams and pursue M&A deals. It will also enable the platform’s green transition of global trade by driving down CO2 emissions in shipping.

The multi-service platform interconnects data into insights and actions, optimising global trade for cargo owners, vessel owners, commercial operators, charterers, and bunker suppliers. The platform provides a range of software solutions that are helping the global shipping industry cut emissions and reduce its impact on the climate, whilst maintaining commercial performance.

Søren Meyer, CEO of ZeroNorth, said: “We have ambitious goals, and PSG Equity shares our vision of enabling widescale change in how our industry operates."

Edward Hughes, managing director at PSG Equity, added: “ZeroNorth has been able to achieve impressive growth in the short time they have been operating. Their clear vision and roadmap for growth as well as the expertise they have been able to attract make the company an appealing prospect to partner with. Their established track record of success, strong customer feedback, and unique blending of maritime and tech together, make us confident they are positioned to be a major player in leading the green transition of global trade.”