Hamburg-based OceanScore, a provider of compliance and data solutions for the maritime industry, has raised €5 million in an oversubscribed Series A funding round. The round saw participation from existing investors theDOCK and new backers such as Stolt Ventures, Motion Ventures, and Portline, along with various angel investors. All previous investors, including MSC and Peter Döhle, have retained their shares.
OceanScore plans to use the funds to enhance its existing solutions, expand customer service and data teams, and establish a global presence to better support its clients. The company’s Managing Director, Albrecht Grell, expressed excitement about the strong demand for OceanScore’s solutions and the opportunities for further investment in global expansion, product development, and AI capabilities.
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Pioneering Compliance Solutions for the Maritime Industry
Founded in 2020, the german startup offers digital solutions such as the flagship ETS Manager and the new FuelEU suite, designed to help the shipping industry manage emissions regulations efficiently. The company’s tools provide decision support to navigate commercial opportunities and cost exposures related to these regulations. The company has recently expanded its client base to include prominent shipping companies like V-Ships and Norbulk.
Investor Confidence and Industry Impact
theDOCK, a vertical Venture Capital firm specializing in maritime and supply chain technologies, praised OceanScore’s impressive growth and market-leading solutions. Nir Gartzman of theDOCK expressed confidence in OceanScore’s ability to dominate the FuelEU Maritime market, highlighting the startup’s role in making global trade more sustainable.
