Maersk Growth

Hi! We are Maersk Growth, and since 2017, we have been the anchor of external innovation at A.P. Moller - Maersk. With a portfolio of 40+ supply chain and climate tech startups, a team of industry experts and alumni, and an independent investment mandate, we are bridging external innovation with internal excellence. Our track record includes successful proofs-of-concept, commercial collaborations, and invaluable partnerships with leading startups worldwide ?? In 2021, we added the strategic partnership avenue to our offerings to accelerate the impact of innovation across Maersk. We guide both business partners and startups through the proof-of-concept cycle via transparent processes to ensure maximum value creation and foster long-term partnerships ?? Our investment efforts and strategic partnerships span beyond borders. In essence, we are guided by tech innovations digitising, democratising, and decarbonising supply chains, which are instrumental in steering Maersk's journey towards a sustainable future ?? Our current investment compass points to early-stage energy transition solutions, yet our mission extends far beyond these horizons. Emphasising Maersk's commitment to decarbonisation and net zero targets, the purpose of the investment initiatives is to support the transformation of our industry and Maersk, and they are not limited geographically? ?? Are you looking for Growth? Because we might be looking for you! Reach out directly, join our journey, or follow along from afar for weekly updates and insights. ???? Reach us via [email protected].

Is Onboard Carbon Capture the next big thing in maritime decarbonisation??? With potential to extend the life of fossil-fueled vessels, Onboard Carbon Capture (OCC) sparks curiosity - but also tough questions. ???The promise:?Capturing CO2 directly on ships to slash emissions. ???The challenge:?High costs, bulky systems, and energy use that could increase fuel consumption by 45%. Early innovators like Value Maritime and Seabound are piloting solutions, but at $200–300 per ton for CO2 abatement, OCC might not be the silver bullet. Instead, shipping’s path to net zero could be a mix of alternative fuels, efficiency measures, and carbon capture. Check out the Maersk Growth Strategic Insights article to learn more and sign up to our newsletter to receive updates like these! ?? https://lnkd.in/dqDHKJWr #Maerskgrowth #strategicinsights #OCC #decarbonisation #shipping

Did you miss the Friday Brief last week? Fear not!?? We spend last week at Slush and thought we'd bring a snippet of the best startups we met to you! Power Without Boundaries?? HalioGen Power is breaking barriers in energy storage with its membraneless redox flow battery, offering affordability, sustainability, and 20+ years of resilience. With efficient performance across temperatures and a 10-hour charge, it’s built for industrial reliability—minus the cooling system. CEO: Daniel B. Palme ?? https://lnkd.in/dH4SVK_c Turning Idle Into Ideal?? resourcly’s AI-powered platform helps manufacturers transform idle inventory into cash flow. By enabling inter-industry collaboration, it reduces downtime, boosts supply chain resilience, and accelerates the circular economy. Who knew “leftovers” could be so profitable? CEO: Helena Most ?? https://lnkd.in/esw4Jjv5 Waves Made Smarter?? NeuWave Technologies is redefining offshore operations with ultra-precise wave predictions that are 60x sharper than industry norms. From offshore wind farms to global energy accessibility, their platform minimizes risks, costs, and delays while boosting productivity. Founder: Jana Stella ?? https://www.neuwave.co.uk/ Act Now, Sustain Forever?? AWorld’s AI-driven platform motivates climate action with tools to measure, educate, and reward sustainable behaviours. Backed by the UN and crowned Google’s Best App for Good, it’s gamifying sustainability for a greener planet. Co-founder: Marco Armellino ?? https://aworld.org/ Cooling Towers, Hot Carbon Solutions?? NeoCarbon is giving Direct Air Capture tech a glow-up, retrofitting cooling towers to cut CO? removal costs and boost efficiency. Turning industrial emitters into climate warriors, they’re scaling carbon removal like never before. Co-Founder: René Haas ?? https://lnkd.in/e5CwQ9Xf Saved by the Seaweed ?? BettaFish brings the ocean to your plate—minus the fish. Using seaweed and plant proteins, their TU-NAH and SAL-NOM products mimic the real deal while supporting sustainable food systems and fishing communities. Founder: Deniz Ficicioglu ?? https://bettafish.co/

Run, don't walk! ??♀? Join us for a social run around Kastellet on November 27th. The pace will be as chill as the Mikkeller beers waiting for us as we cross the finish line. Whether you’re passionate about supply chain tech or energy transition innovation, this is a perfect opportunity to meet like-minded people and expand your network. Check out all the details and sign up here ?? https://lu.ma/uzqood9x

Friday is here, and so is your brief!?? The future of fashion, on Fleek?? London-based Fleek, an online marketplace connecting secondhand clothing wholesalers with retailers, has raised $20.4 million in funding, comprising a $14.8 million Series A led by HV Capital and a $5.6 million seed round previously unannounced. The platform has facilitated sales for 10,000 resellers across 70 countries, moving 2.5 million items from 1,000 suppliers. Fleek plans to use the investment to scale its platform, enhance predictive analytics for trend forecasting, and streamline logistics solutions. ?? https://lnkd.in/gzwwmEgB ? Turning up the heat on green ammonia?? Copernic Catalysts, a developer of novel catalysts for sustainable chemicals and e-fuels, has closed an $8 million seed funding round led by Breakout Ventures, with participation from Future Ventures, Engine Ventures, and others. The funding will be used to scale Copernic’s ammonia synthesis catalyst and advance efforts in syngas-to-sustainable aviation fuel (SAF). The Cambridge, MA-based company's proprietary catalyst aims to reduce the carbon footprint and cost of ammonia production by enabling lower-temperature synthesis within existing infrastructure. ??https://lnkd.in/dY6s9xuX Fossil-free fuel with a SpaceX twist? El Segundo-based General Galactic, a startup in fossil-free fuel technology, announced an $8 million seed funding round co-led by Harpoon Ventures and Refactor Capital with further contribution from Climate Capital, Pathbreaker, and others, bringing its total funding to $10 million. The company is scaling its Genesis technology, which converts industrial CO2 emissions into clean natural gas, with plans for commercial deployments by 2025. Founded by former SpaceX engineers, General Galactic aims to revolutionize energy production for industries like maritime shipping and agriculture with sustainable, high-density fuels. ??https://lnkd.in/dJK3DPDC Battery life after death?? tozero, a battery recycling startup, has raised an €11 million seed round led by NordicNinja, with additional support from In-Q-Tel, Honda, and JGC Group. The funding will accelerate the development of Tozero’s first industrial-scale plant, designed to recover high-purity lithium and graphite from lithium-ion battery waste using a proprietary low-emission process. Founded in 2022, Munich-based Tozero aims to address Europe's critical need for sustainably sourced battery materials, supporting the global electrification push and reducing dependency on imported resources. ?? https://lnkd.in/d-hP4gEa

?? Slush bells ring; are you listening? In Helsinki, frost is glistening… ?? Our weather forecast for next week says Slush in Helsinki, and we're looking forward! We're heading to the chilly city to connect with leading founders and investors, dive into inspiring sessions, and bring back fresh insights to jumpstart 2025. In addition to attending the main event, we'll trek through the jungle of cool side events and co-host a venture breakfast with our friends at Dynamo Ventures and Ingka Group. See you on the snowy side??? #Maerskgrowth #slush2024 Mads Hebbelstrup Ida Christine Brun, Aarzoo Sharma, Max Wiest, Olivia Lyng, Frida Ohms Vad

San Francisco may be famous for its fog, but at TechCrunch Mads was in no haze at all. Let's check in on his key takeaways ?? "What an exhilarating week in San Francisco! ?? Between TechCrunch Disrupt and engaging with the investor community and our portfolio companies, I’m energized by the future of technology.?Here are some of my key reflections from the past week. San Francisco was buzzing with over 10,000 professionals at this year’s TechCrunch Disrupt, where discussions covered everything from climate impact to AI’s transformative potential. Other than climate taking the limelight, second thoughts on high valuations and the profit x purpose matrix of startups, AI has stuck with me as a key takeaway. As we navigate the AI hype, let’s remind ourselves to focus on solving real problems efficiently. As CVCs, let’s prioritize sustainable growth metrics over hype and commit to supporting founders who prioritize real solutions. Who are you excited about in the startup community?" #Maersk #Techcrunchdisrupt2024

Friday is here, and so is your brief!?? Driving Safer Autonomy?? Berlin-based Xavveo, a developer of photonic radar technology for autonomous vehicles, has raised $8.6 million in seed funding co-led by Vsquared Ventures and imec.xpand. The funding will accelerate the development of Xavveo’s Silicon Photonics-based radar system, designed to enhance autonomous vehicle safety and performance in all weather conditions. Xavveo’s innovative system offers a 360° detection range with superior angular resolution, aiming to overcome limitations of existing sensors like LIDAR and vision-based systems. ??https://lnkd.in/es8NJwip Electric Aviation Takes Flight?? BETA TECHNOLOGIES, an electric aviation company developing all-electric fixed-wing and eVTOL aircraft, announced it has raised $318 million in a Series C round led by QIA, with participation from Fidelity Management & Research Company, TPG Rise Climate, and other investors. The new funding will accelerate BETA’s aircraft certification, production, and deployment of electric propulsion systems and multimodal charging infrastructure, serving commercial and military applications in cargo, logistics, and passenger markets. The Vermont-based company is now seeking approval from the U.S. FAA and aims to produce for fulfilling contracts with customers such as Air New Zealand or UPS. ??https://lnkd.in/d-rzm_j2 Capturing CO2 from the Ocean ?? Amsterdam-based SeaO2, a startup focused on extracting CO2 from seawater through its Direct Ocean Capture technology, has raised over €2 million in new funding from investors such as DOEN Participaties B.V., NEW-TTT fund, and Future Tech Ventures. The investment will accelerate the development of SeaO2’s pilot plant, which aims to capture 250 tons of CO2 annually starting in 2025, contributing to the company’s ambitious goal of removing one gigaton of CO2 by 2045. SeaO2’s technology not only mitigates climate change but also enhances the ocean’s natural capacity to absorb atmospheric carbon. ??https://lnkd.in/eTQtNZrA Turning Wastewater into Climate Solutions?? Brooklyn-based CREW Carbon announced the close of a seed funding round, raising $5.3 million led by Counteract, with participation from ReGen Ventures, ANIMO, and others. The company leverages enhanced weathering technology to capture and permanently store CO2 from municipal and industrial wastewater systems, turning treatment plants into climate hubs. The funding will support scaling operations to additional facilities and advancing its proprietary monitoring, reporting, and verification system for measurable carbon removal. ??https://bit.ly/4fihhPg

Friday is here, and so is your brief!?? Third Wave Automation: Forking Brilliant! ?? California-based warehouse automation company Third Wave Automation has closed a $27 million Series C funding round led by Woven Capital, Toyota's Growth Fund, with participation from existing investors Innovation Endeavors, Norwest Venture Partners, and Qualcomm Ventures. The funding will accelerate the deployment of Third Wave’s autonomous high-reach forklifts, which operate under a flexible multimode system combining AI-powered autonomy with human oversight for maximum operational efficiency. Third Wave plans to expand manufacturing of its TWA Reach forklifts and enhance its Shared Autonomy Platform, which is already driving productivity and safety improvements in warehouse environments across the U.S. ??https://bit.ly/4hvAqPu Redoxblox is Bringing the Heat! ????? RedoxBlox has raised a $40.7 million Series A round, led by Prelude Ventures with participation from Imperative Ventures, New System Ventures, and existing backers Breakthrough Energy Ventures and Khosla Ventures. The funding will accelerate the development of Redoxblox's thermochemical energy storage systems, which offer a cost-effective, emissions-free alternative for industrial heat applications and long-duration grid storage. The company also announced the appointment of Pasquale Romano, former ChargePoint CEO, as its new CEO to lead its expansion into industrial and grid-scale markets. ?? https://bit.ly/3C9KDRv Beyond Aero is Flyin’ High! ???? Toulouse-based startup Beyond Aero has raised an additional $20 million in Series A funding, co-led by Giant Ventures and Bpifrance’s Deeptech 2030 fund, bringing its total capital raised to $44 million. Focused on developing hydrogen-powered electric business aircraft, Beyond Aero aims to revolutionize aviation with zero-emission solutions, having recently achieved France’s first manned hydrogen-electric flight. Other investors include Initialized Capital and prominent backers such as Airbnb and Dropbox co-founders, positioning Beyond Aero as one of the companies at the forefront of sustainable aviation innovation. ?? https://lnkd.in/d2yJ2ATR Sailing into a Cleaner Future ?? California-based Carbon Ridge, a developer of onboard carbon capture technology for the maritime industry, has raised $9.5 million in a funding round led by Crosscut Ventures and Western Technology Investment, bringing its total funding to $15.5 million. The new capital will accelerate the commercialization of Carbon Ridge’s modular, low-cost carbon capture systems, which can reduce CO? emissions by up to 75% and nearly eliminate particulate matter, NOx, and SOx emissions. Strategic investors in the round include the Grantham Foundation, Berge Bulk, and Rusheen Capital Management. ?? https://lnkd.in/dXUBQadK

If you already subscribed, this is old news... If not, we'd suggest you take a look?? 6th edition of Gateway to Growth, our bi-monthly newsletter capturing the latest and greatest from the startup ecosystem, is live ?? This time, we will cover everything from key takeaways from New York Climate Week to climate investments and insgiths! Find Gateway to Growth and subscribe here: https://lnkd.in/dZSzrrdr