ZeroNorth , a Copenhagen-based tech company focused on the maritime industry, has just announced a €19 million debt financing from CIBC Innovation Banking to fuel its growth strategy through M&A. Søren Meyer , CEO of ZeroNorth, said: “ The maritime industry is navigating unprecedented complexity, largely driven by the challenges of the energy transition and evolving regulations. To meet these demands effectively, the industry needs unified technology solutions that simplify operations and enhance decision-making. Our M&A strategy has enabled exactly that. “ With this facility from CIBC Innovation Banking, we aim to continue our role as an industry consolidator, bringing together fragmented solutions to create greater value for customers and accelerate the energy transition for the industry .” Since its founding in 2020, ZeroNorth has worked to establish itself as a leader in the energy transition and digital transformation of the maritime sector by helping the industry optimise commercial performance and reduce its emissions. In 2024, ZeroNorth’s customers have reportedly optimised 1.5 million voyages through the company’s platform, enabling a reduction of more than 1 million metric tonnes of CO2 emissions. By combining advanced technology, expertise, and trusted data at scale, their platform analyses “ billions of data points […]