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.

Flagship Founders claims to be the first European venture studio focused on maritime technologies, logistics and shipping.