Veson Nautical has received what it describes as a “significant” equity investment from Francisco Partners, a firm with more than $30 billion in assets under management that specialises in partnering with technology businesses.
Francisco Partners will join existing investors including Pamlico Capital and founder John Veson as owners of the company going forward.
The new funding, the amount of which has not been disclosed, will be used to support organic growth initiatives and innovation across Veson’s product line, as well as an expanded targeted acquisition strategy following its recent acquisition of Oceanbolt, a market intelligence platform for the commodity and shipping industries.
“As industry participants seek to optimise their marine operations, this investment underlines our commitment to developing innovative digital solutions that are built to reflect the realities of modern commercial shipping,” said John Veson, founder and CEO of Veson Nautical.
“Now, together with Francisco Partners and Pamlico Capital, we have even more opportunities to further our mission of harnessing the power of technology to transform the maritime shipping industry.”
