ship.energy

New Signal Group business on the look-out for maritime tech start-ups

Signal Ventures, the investment arm of the Signal Group, is led by Greek entrepreneur Ioannis Martinos and is focusing on advanced analytics, optimisation and artificial intelligence technologies.

Signal Ventures says it can offer start-ups access to ‘data processing capabilities, vessel port calls, emissions, port and weather information, venture capital, mentoring and hands-on team building support’.

‍The business has already incubated OilX, a UK oil analytics company, and invested in and collaborated with Bunker Metric, a bunker procurement optimisation start-up, and Swedish weather data provider Storm Glass.

Signal Ventures has been set up to support technology innovation. Its team draws on talent from across the Signal Group and is coordinated by the recently appointed Nikolas Pyrgiotis, Vice President of Technology Ventures.

Announcing the launch of Signal Ventures, Signal Group CEO Ioannis Martinos said: ‘The maritime tech space has grown significantly over the past three years, but 2021 will see more opportunities than ever before. However, it’s going to be tough for any startup without long-term solid backing, infrastructure or a unique proposition behind it.

‘Signal Ventures, with its shipping industry pedigree, is committed to the sector: we’ll work with entrepreneurs with great ideas and exciting technologies. Our world-class support is already turning ideas into long term success

Lesley Bankes-Hughes

Lesley Bankes-Hughes