The start-up is raising an ambitious series A round with Iris Capital, SWEN Capital Partners’ Blue Ocean fund alongside Polytechnique Ventures and key business angels to boost its global expansion
Spinergie, the AI-based maritime platform, announced a €11 million series Ainvestment round led by Iris Capital and Swen Capital’s Blue Ocean fund alongside key investors andbusiness angels including Polytechnique Ventures, Sanne Manders, COO of Flexport, Jean-Gabriel Levon,cofounder of Ynsect, and Antoine de Chassy, founder of Loft Orbital.
Spinergie was founded by Jean Cristofari (CEO) and Louis Jozon (CPO), both experts in the offshoreindustry and fleet optimisation/management. Their solution already serves global maritime leadersincluding vessel managers and charterers companies such as Orsted, GE, Boskalis, Nexans to help themmeasure, benchmark and optimize their vessels’ performance and maritime operations to significantlyimprove their environmental impact. Spinergie’s technology relies on large volume of marine and vesseldata processed with proprietary algorithms.
The funding round will accelerate Spinergie’s growth by deepening their market leadership position inoffshore wind and enabling them to further expand into shipping sectors. This series A will thus supporttheir R&D program, the recruitment of new team members, especially data scientists and developers,and grow their global client facing team with the opening of new offices in Asia, South America andMiddle East. The company will triple its team size by end of 2023.
A global market in urgent need of digitalization
Shipping emissions accounts approximately for 1 gigaton of CO2 per year and is expected to contribute to up to 17% of global GHG emissions by 2050 if it is not tackled quickly. Decarbonisation remains the biggest long-term challenge facing the industry and will require digital solutions to track and reduce emissions through operational efficiencies.
Still, most operations are followed up and managed on spreadsheets, but much stricter monitoring andreporting will be quickly needed to comply with new international regulations such as IMO DCS or EU MRV, and to stay on a pathway consistent with the Paris Agreement and the COP26 adopted in 2018.
“This announcement comes at a critical time for the industry as maritime carbon emissions continue torise and new regulations will revolutionize the way industry leaders plan their operations. We haveambitious goals and are delighted to welcome Iris and Swen as our first investors in Spinergie. Theycombine Technology and Maritime environmental expertise to help us bring widescale change in how ourindustry operates.” commented Jean Cristofari, Spinergie CEO & Co-Founder.
“Spinergie built a unique platform that helps fleet, through AI, improve their environmental footprintwhile complying with new international regulations, as they go through a digitalization process that willmodify their way of working globally. At Iris, we look for strong tech platforms capable of transformingtheir industry in an impactful way: Spinergie’s founding team demonstrated their incredible skills to address the challenges faced by maritime transport, a key sector for the years to come. We are reallyproud to support their international growth from this very first round”, said Julien-David Nitlech,Managing Partner at Iris Capital.
Mélanie Le Guen, Principal at Blue Ocean adds: “SWEN Capital Partners through its Blue Ocean fund isdelighted to support Spinergie in pioneering digital solutions to help the maritime industry improve itsoperations, especially to reduce GHG emissions. If the shipping industry was a country, it would be thesixth largest polluter in the world. We therefore need such highly scalable solutions to accelerate thetransition of this industry. We will share our expertise and networks on ocean impact and the maritimeindustry to help Spinergie achieve its ambition and impact at a global scale.”
Becoming the leading technology partner for the maritime energy transition
“Decarbonizing the maritime industry is an enormous and incredibly complex challenge that requires acollaborative approach through industry partnerships and the most advanced technologies. We aredeveloping the best possible products, connecting previously siloed data, facilitating interoperabilitybetween systems and providing recommendations” said Louis Jozon, Spinergie CPO and co-founder.
Maritime Market Intelligence, Spinergie’s first solution, allows vessel managers and charterers to searchand select a vessel anywhere in the world according to vessel specs, availability, and past performances.It analyses vessel environmental and operational performances, allowing commercial and operationalteams to have more visibility on their competitors and suppliers across the globe.
In 2021, Spinergie launched Smart Fleet Management, a solution suite enabling clients to monitor andoptimize maritime operations (offshore wind, dredging, bulk shipping among others). It provides realtime visibility, performance analysis and recommendations such as fuel consumption and emissions byactivity mode, operational metrics (pax transferred, discharge rate, speed analysis…), time analysis(delays, time not to count…). The solution allows teams to anticipate and better manage their operationswhile automating regulatory reporting.
To facilitate the implementation, save time onboard and drive value very early on, Spinergie has put userexperience at the center of its development process. The platform is directly integrated with existingsystems as well as sensor data. Tapping into the most granular data enables Spinergie’s models to providethe best environmental and operational insights.