Maritime venture builders Flagship Founders and Signal enter strategic partnership

Two of the leading maritime technology venture builders have announced a partnership to jointly develop new technology start-ups for the industry, according to Signal's release. Signal is taking a stake in the German venture studio Flagship Founders and will contribute data and APIs from its Signal Ocean platform to help accelerate new venture development. The partnership includes a total investment volume of €2.5 million and complements the €3.5 million funding round Flagship Founders closed earlier this year.
 
Signal is an Athens, London & Singapore based business which runs commercial tanker pools, has developed a leading AI software platform, and provides investment to early-stage ventures. Its venture building and investment arm Signal Ventures has to date supported 15 start-ups in the shipping, supply chain and commodities space. AI analytics firm OilX, Signal’s first start-up incubated through its venture studio, was sold to Energy Aspects in January this year.
 
Berlin-based Flagship Founders is a leading European venture studio focusing on maritime technologies, logistics, and shipping. Flagship Founders has already produced four successful start-ups since it was founded three years ago. Most recently, Flagship Founders venture zero44 announced a financing round with participation from Atlantic Labs, among others.