zero44, a SaaS startup for CO2 management on merchant ships, has completed a successful funding round of €2.5 million, led by early-stage investor Atlantic Labs and with Starthub Ventures, Bernhard Schulte Innoport and other individual investors from the logistics and shipping industry taking a stake in the business.
zero44 was founded in May 2022 with the support of Flagship Founders. The startup works with shipping companies, charterers and ship managers to create optimal commercially viable CO2 reduction strategies.
In its first year of existence, the firm has attracted MPC Container Ships as a development partner and MariApps Marine Solutions as a distribution partner.
“The shipping industry needs to quickly become sustainable and reduce emissions. The pressure from politics and legislation has increased massively, and for many companies this is a huge challenge,” said Friederike Hesse, Co-Founder and CEO of zero44.
“We offer them an answer and can help them to quickly become sustainable and reduce emissions. The fact that we were also able to convince Atlantic Labs of this vision and win them over as an investor is an important sign – for us and the entire market – especially in times when VC money is being awarded much more sparsely than before.”