The maritime technology company Nautilus has raised US$34 million in Series B funding to decarbonise shipping and to optimise voyage economics of the supply chain sector.
Microsoft played a crucial role with its venture fund, M12, and the Microsoft Climate innovation fund, co-investing for the first time, and marking its commitments towards sustainability and venture growth objectives.
This round brings Nautilus’s total raised capital to over US$48 million, to develop and deploy new product capabilities that support client goals to drive decarbonisation while maximising profits, attract fresh tech talent, and open and expand new offices in key shipping hubs worldwide.
“Today, we’re able to empower ocean shipping companies with a path to creating the most profitable business, that at the same time helps them reduce carbon intensity immediately. The firms winning in the market are mobilising resources now to adopt a collaborative, data-driven approach to transforming their voyages,” commented Matt Heider, CEO at Nautilus Labs.
Additionally, Mark Kroese, general manager of sustainability solutions at Microsoft, stated, “Microsoft is committed to accelerating global progress towards a more sustainable future and supporting our partners to deliver outcomes that go beyond exceptional financial returns to drive catalytic environmental and social impact. That’s why M12 and the Climate Innovation Fund are co-investing for the first time in Nautilus, a business that can be both high-growth and deliver on significant decarbonisation targets at scale.”
The Series B round also saw participation from new and existing investors, including NSS Advisors, Systemiq Capital, Root Ventures, Quiet Capital, TMV, and Amplifier.
