One million euros for NautilusLog
Tom Schmidtgen
| 18.02.2021
The main investor in the marine start-up is NBank Capital.
Hamburg-based start-up NautilusLog has closed its seed funding round of one million euros. Lead investor is NBank Capital from Hanover, plus several business angels have given money, according to VC Magazin
.NautilusLog offers a digital logbook for shipping. The app collects data of the ship and ships in the vicinity and reminds the crew of certain tasks in time. "Laws and regulations for shipping are becoming more and more complex, but technological progress does not always develop in parallel," says Martin Ranić, investment manager at NBank Capital. "Stricter environmental conditions and international competition are creating enormous cost pressure. The market is therefore just asking for NautilusLog's digital solutions."
Currently, 14 employees work for NautilusLog. However, the team is expected to grow quickly. In addition, a second branch is planned in Lower Saxony. The app has only been on the market since December of last year. Already, NautilusLog is used on 2,000 ships.
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Startup
2017
Hamburg
NautilusLog
Event-based app for shipping tracking, reporting and collaboration.
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