Nabtesco Technology Ventures, a corporate venture fund managed by Emerald Technology Ventures, announces an investment in DeepSea Technologies, a leading specialist in maritime technology – specifically vessel performance monitoring and optimisation.
As the shipping industry faces the dual challenge and opportunity of having to decarbonize and digitalize, DeepSea’s technology enables its clients to make data-driven decisions to lead the industry forward. The investment reinforces DeepSea’s strong financial position and will enable further technological and product research, design, and development. The new funding will also allow DeepSea to accelerate its global commercial expansion, focusing on Asian markets.
In parallel with the investment, Nabtesco Group and DeepSea will begin a commercial and research collaboration. This will include providing DeepSea with access to Nabtesco’s sales network, joint product development, and joint research on technologies that will shape the future of maritime shipping.
Roberto Coustas, Co-founder and CEO of DeepSea Technologies, said: “We are thrilled to have secured this latest round of investment. Having the support and conviction of key industry partners who will support us in realizing our mission of making shipping sustainable is extremely motivating for the whole team. This financing round and collaboration with the Nabtesco Group, coupled with a very strong commercial environment driven by new vessel efficiency regulations from the IMO, makes us very optimistic about the future.
Hiroshi Nerima, Managing Partner at Nabtesco Technology Ventures, said: “The decision to invest in DeepSea is fully in line with our dedication to engage with promising start-ups and support talented and passionate entrepreneurs. The DeepSea team is developing innovative technologies that can make a lasting impact in the shipping industry and help the sector to overcome the severe environmental challenge that it is facing. We are excited to be a partner for DeepSea during this process and accompany them in their expansion to Asia through a close collaboration with the Nabtesco Group.”
Mehran Zaker, Sector Specialist (Mobility & Maritime) at Emerald Technology Ventures, said “We have seen the ground-breaking technology developed by a dedicated team with a vision to accelerate the sustainable transformation of the maritime industry. We are extremely excited about becoming DeepSea’s partner and supporting them together with the Nabtesco Group in their international expansion.”