Motion Ventures has launched its largest ever venture fund, Motion Ventures Fund II, a $100 million initiative aimed at accelerating technological innovation in the maritime sector. This significant milestone positions the firm as a leader in maritime focused venture capital, supporting startups driving the digitalisation and decarbonisation of the global maritime supply chain.

Fund II will deploy investments ranging from $250,000 to $10 million, supporting at least 25 companies over the next 18 to 24 months. Unlike its predecessor, which concentrated mainly on software solutions, Fund II expands to include asset-intensive hardware innovations, recognising the sector’s growing need for solutions addressing sustainability, vessel operations, and port modernisation.

Shaping the future of maritime innovation 

Shaun Hon, Founder and General Partner of Motion Ventures, emphasised the convergence of technology, capital, and collaboration in shaping the maritime sector’s future. “This is about uniting founders, corporate leaders, and strategic partners to accelerate adoption and scale solutions faster than ever,” he said.

The fund has already raised over half of its target and made key investments in OceanScore, a leader in emissions data, and Fernride, focusing on autonomous vehicles for ports. Motion Ventures’ industry consortium, now including 17 major stakeholders, offers portfolio companies access to mentorship, pilot opportunities, and potential customers, essential resources for success in a complex industry.

Proven track record and growing network

Motion Ventures’ first fund, launched in 2021, has already delivered two profitable exits, placing the firm in the top 10% of global VC funds for that vintage. With an expanding network of over 80 seasoned maritime executives, Motion Ventures is well-positioned to continue driving innovation. The maritime industry is projected to see rapid growth in digitalisation, expected to reach $423.4 billion by 2031.

Fund II is set to play a key role in transforming global maritime supply chains. With increasing regulations and a growing push for decarbonisation, Motion Ventures, along with Wilhelmsen and other industry leaders, is focused on speeding up the adoption of cleaner and more efficient solutions that will help shape the future of maritime trade.

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