Auerbach Schifffahrt-backed German digital shipping venture capital firm Flagship Founders has welcomed some big names on board.

German shipowner F Laeisz has taken part in Flagship Founders’ latest €3.5m ($3.8m) funding round, together with Starthub Ventures and board member Philipp Ahrenkiel, who is described as a “business angel”.

The aim is to build further technology ventures and expand its team.