Offshore wind vessel monitoring firm raises €11m to expand

June 29, 2022
The Spinergie AI-based maritime platform helps measure, benchmark and optimize vessel performance and maritime operations to improve environmental impact.

Offshore staff

PARIS  Spinergie, the AI-based maritime platform, announced a €11 million (US$11.4 million) series A investment round led by Iris Capital and Swen Capital’s Blue Ocean fund, alongside investors comprising Polytechnique Ventures, Flexport COO Sanne Manders, Ynsect Co-founder Jean-Gabriel Levon and Loft Orbital Founder Antoine de Chassy.

Spinergie, founded by offshore experts CEO Jean Cristofari and CPO Louis Jozon, serves the global maritime industry, such as vessel managers and charterers, to help them measure, benchmark and optimize their vessels’ performance and maritime operations to improve their environmental impact. Spinergie’s technology relies on a large volume of marine and vessel data processed with proprietary algorithms.

The funding round will accelerate Spinergie’s growth by deepening its market position in offshore wind and enabling the company to further expand into shipping sectors. This series A will thus support the company's 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 and the Middle East. The company will triple its team size by year-end 2023.

‍“This announcement comes at a critical time for the industry as maritime carbon emissions continue to rise and new regulations will revolutionize the way industry leaders plan their operations," Spinergie's Cristofari said. "We have ambitious goals and are delighted to welcome Iris and Swen as our first investors in Spinergie. They combine technology and maritime environmental expertise to help us bring widescale change in how our industry operates."

Maritime Market Intelligence, Spinergie’s first solution, allows vessel managers and charterers to search and 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 operational teams to have more visibility on their competitors and suppliers across the globe.

In 2021 Spinergie released its Smart Fleet Management, which enables users to monitor and optimize maritime operations (offshore wind, dredging and bulk shipping, among others). It provides real-time visibility, performance analysis and recommendations, such as fuel consumption and emissions by activity mode, operational metrics (e.g., pax transferred, discharge rate, speed analysis) and time analysis (e.g., delays, time not to count). The technology allows teams to anticipate and better manage their operations while automating regulatory reporting.

“Spinergie built a unique platform that helps fleet, through AI, improve their environmental footprint while complying with new international regulations, as they go through a digitalization process that will modify their way of working globally," said Julien-David Nitlech, managing partner with Iris Capital. "At Iris, we look for strong tech platforms capable of transforming their 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 really proud to support their international growth from this very first round."

Mélanie Le Guen, Blue Ocean principal, added, “SWEN Capital Partners through its Blue Ocean fund is delighted to support Spinergie in pioneering digital solutions to help the maritime industry improve its operations, especially to reduce GHG emissions. If the shipping industry was a country, it would be the sixth largest polluter in the world. We therefore need such highly scalable solutions to accelerate the transition of this industry. We will share our expertise and networks on ocean impact and the maritime industry to help Spinergie achieve its ambition and impact at a global scale.”


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Courtesy SBM Offshore's "Full-year Results 2023" presentation