Spot Ship, the SaaS platform modernising global ship chartering, has raised £1 million in a round led by Ventures.eu, marking the Lisbon-based VC fund’s first investment from Fund I. The round included Improbable CEO Herman Narula, industry specialists, Tradeworks.vc and Marcel Kind.
Spot Ship is a British cloud-based company focused on improving efficiency in maritime logistics. Its platform uses advanced AI and machine learning, combined with global fleet tracking and a continuously expanding data set, to provide brokers, charterers, ship owners and operators with high-quality, actionable data.
By automating complex data processing and streamlining decision-making, the company reduces typical vessel chartering timelines from several days to a matter of hours. Its API-first technology addresses longstanding data and efficiency challenges across the shipping industry, enabling seamless integration for major market participants.
Commenting on the investment, James Kellett, Founder and CEO of Spot Ship, said the company is focused on bringing faster, more modern processes to an industry that has traditionally moved slowly. He noted that Ventures.eu closely aligns with this vision and has already delivered strategic value by connecting Spot Ship with major players across the global shipping sector.
Ventures.eu leveraged its corporate network to introduce Spot Ship to leading shipping companies and industry experts, bringing potential customers into the investment process. This approach provided early market validation and supported rapid commercial progress, with new customers onboarded and additional co-investors joining the round.
The new funding will support continued product development, commercial expansion, and the scaling of Spot Ship’s AI-driven platform across global shipping markets.
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