ZeroNorth raises over USD 50 million to push shipping decarbonisation

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ZeroNorth has raised over $50 million in investment during its recently concluded Series B investment round that will enable the company to look to further accelerate decarbonisation in shipping.

The investment from PSG Equity, a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, joins further capital injections from ZeroNorth’s existing investors A.P. Moller Holding and Cargill, that also participated in the round.

“The news means that ZeroNorth now has a trio of partners that will support the company’s ambitious plans for continued growth,” the company said.

The Series B investment, in addition to the support of PSG Equity, will help to accelerate ZeroNorth’s growth over the coming years.

“We have ambitious goals and PSG Equity shares our vision of enabling widescale change in how our industry operates,” Søren Meyer, CEO of ZeroNorth, said.