Ofiniti, a platform for managing maritime fuel bunkering operations, has received financing from private and venture capital investors following its successful spin-off from DNV.
With port authorities tightening their digital bunkering regulations, the new organisational structure will allow it to operate more quickly.
DNV is Ofiniti’s largest stakeholder, with new funding provided by a Nordic family fund and Singapore-based maritime venture capital firm ShipsFocus.
READ: DNV, zero44 introduce cloud platform for EU ETS
Kjetil Ebbesberg, DNV Chief Financial Officer, said: “DNV has developed a pathway to progress digital business ideas into new enterprises and incentivise corporate founders. The fact Ofiniti has attracted such interest from investors is an endorsement of the great service it provides and a vindication of our Venture strategy.”
Chye Poh Chua, Founder of ShipsFocus, stated: “ShipsFocus is very pleased to be part of DNV’s startup spinoff in Ofiniti as the choice VC investor. Ofiniti’s flagship FuelBoss bunkering platform has the DNV innate quality and accreditation with its dominance in the LNG market share. We believe the founders will bring it to great heights.”
By digitising bunker operations and offering electronic Bunker Delivery Notes (eBDNs), Ofiniti’s clients may boost the utilisation of their bunker vessels, give live delivery information to customers, and dramatically cut invoice processing time.
