German maritime start-up NautilusLog, a provider of software applications for vessel operations, has announced that it has secured new funding from D-Arbor Capital, part of the Dettmer Group.
NautilusLog’s platform is currently used on more than 3,000 vessels operated by some 120 shipping companies, with the company now active in approximately 30 countries.
The funds from the Series A financing round will be used for continued international growth, team expansion and to add further services to the platform, the company said.
“With NautilusLog, we want to accompany a pioneer in the digitalisation of shipping with confidence in its long-term vision to unite all maritime stakeholders as an investor,” notes Torsten Heitmeier, Managing Director of D-Arbor Capital.
NautilusLog says that it plans to deliver more services related to Environmental Social Governance (ESG) to prepare the industry for upcoming challenges, and has also targeted a further expansion of the business within the Asian market.
“We are pleased to have D-Arbor Capital as a new partner, a family-run investor with experience in the industry. The fresh capital allows us to advance and accelerate our international expansion plans and speed up our development pipeline,” said Otto Klemke, Co-Founder and CEO of NautilusLog.