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

(Logistics & Transportation) 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.

(Source: Tech.Eu by Megha Paul, June 2, 2022)

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