Motion Ventures has launched a $100 million fund to back startups in the shipping and maritime world, making it the largest tech fund of its kind in the industry.
The new fund, Motion Ventures Fund II, plans to invest in at least 25 startups that are helping the maritime industry move faster with digital tools, cleaner operations, and better port infrastructure. Investment amounts will range from $250,000 to $10 million per company.
“We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory,” said Shaun Hon, Founder and General Partner of Motion Ventures. “Fund II goes beyond writing bigger checks; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift.”
The fund has already raised more than half of its $100 million target and made investments in companies like OceanScore and Fernride. With 30 investments across its first two funds, Motion Ventures has become one of the most active maritime investors.
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Unlike the first fund, Fund II will also support startups building hardware—not just software—recognizing that major improvements in shipping and ports require both. The new fund brings together 17 corporate partners from across the maritime world, forming what the firm says is the largest group of industry backers ever for this space.
“Being part of Motion Ventures’ journey from a concept into one of the most active maritime investors has been remarkable,” said Nakul Malhotra, Vice President at Wilhelmsen Group. “We’re proud to remain a cornerstone partner on this journey.”
Motion Ventures is also backed by a network of 80 maritime executives who help guide startups, connect them with the right people, and open doors for pilot projects.
“Maritime is the backbone of commerce, but it’s time to move faster and bolder, especially when building digital solutions in the compliance space,” said Albrecht Grell, Managing Director of OceanScore. “Shaun and the Motion Ventures team get that.”
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