TLDR:

• Harbor Lab, a maritime software company, raised $16 million in new funding.
• The funding round was led by European venture capital firm Atomico.

Harbor Lab Raises $16 Million in New Funding

Maritime software company Harbor Lab has secured $16 million in a Series A funding round, bringing the total investment in the Greek startup to $22.5 million. The funding was led by Atomico, with participation from existing investors such as Notion Capital, Venture Friends, SpeedInvest, and The Dock, as well as new investors Endeavor Catalyst and TMV.

The software developed by Harbor Lab aims to simplify how shipping companies manage port-related costs. Their platform allows a single individual to oversee disbursements for up to 50 vessels, offering tools to prevent invoicing errors and overpayments by cross-referencing expenses with official port tariffs. Additionally, Harbor Lab’s services include Know-Your-Customer (KYC) verification to enhance security and compliance.

Antonis Malaxianakis, the founder of Harbor Lab, stated that the new funding will support the growth of the company’s team in Athens and investments in technologies like artificial intelligence to enhance their offerings.

Ben Blume from Atomico will join the board of Harbor Lab following the transaction. The company’s goal is to foster a culture of trust and innovation in the maritime ecosystem by simplifying disbursement accounting processes.

In addition to the funding news, Harbor Lab also announced its plans to develop a standardised vessel dataset for Noon Reports and emphasized data ownership and access within the maritime industry. The company’s commitment to providing innovative solutions in the sector is evident through their participation in upcoming maritime conferences and events.

Overall, Harbor Lab’s recent funding round highlights the increasing interest from investors in maritime technology companies and their potential to revolutionize operations within the industry.

Source: Smart Maritime Network News