Spot Ship, the SaaS platform
modernising global ship chartering, has raised £1 million in a round led by
Ventures.eu, marking the Lisbon-based VC fund’s first investment from Fund I.
The round included Improbable CEO Herman Narula, industry specialists, Tradeworks.vc
and Marcel Kind.
Spot Ship is a British cloud-based
company focused on improving efficiency in maritime logistics. Its platform
uses advanced AI and machine learning, combined with global fleet tracking and
a continuously expanding data set, to provide brokers, charterers, ship owners
and operators with high-quality, actionable data.
By automating complex data processing
and streamlining decision-making, the company reduces typical vessel chartering
timelines from several days to a matter of hours. Its API-first technology
addresses longstanding data and efficiency challenges across the shipping
industry, enabling seamless integration for major market participants.
Commenting on the investment, James Kellett, Founder and CEO of Spot Ship, said the company is focused on bringing
faster, more modern processes to an industry that has traditionally moved
slowly. He noted that Ventures.eu closely aligns with this vision and has
already delivered strategic value by connecting Spot Ship with major players
across the global shipping sector.
Ventures.eu leveraged its corporate
network to introduce Spot Ship to leading shipping companies and industry
experts, bringing potential customers into the investment process. This
approach provided early market validation and supported rapid commercial
progress, with new customers onboarded and additional co-investors joining the
round.
The new funding will support continued
product development, commercial expansion, and the scaling of Spot Ship’s
AI-driven platform across global shipping markets.