Motion Ventures has launched its second fund with a target of $100 million, making it the largest tech fund in the maritime sector to date.
Focused on accelerating innovation in the industry, the fund will invest in startups that digitise and decarbonise the global maritime supply chain.
“We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory,” said Shaun Hon, Founder and General Partner of Motion Ventures.
“Fund II goes beyond writing bigger cheques; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift.”
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Fund II plans to invest between $250,000 and $10 million in at least 25 companies over the next 18 to 24 months, specifically targeting solutions that include asset-intensive hardware innovations in addition to software.
This move responds to increasing corporate demand for rapid advances in sustainability, vessel operations, and port modernisation.
With over half of the fund already raised, Motion Ventures has already deployed investments in startups such as OceanScore and FERNRIDE. The firm has made more than 30 investments across its two funds and built a consortium of 17 major stakeholders in the maritime and supply chain sectors.
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Motion Ventures Fund I, launched in 2021, has already seen profitable exits and ranks in the top 10 per cent of 2021 vintage venture capital funds globally.
The firm’s investment process has helped evaluate over 8,000 startups since its inception.
