Shipowners Hafnia and Kristian Gerhard Jebsen Skipsrederi (KGJS) have taken part in a $1m seed funding round by maritime insurance start-up Vanguard.

Other investors in the strategic fundraise include Singapore consortium-driven venture capital fund Motion Ventures and Portuguese shipowner Portline.

UK-based Vanguard describes itself as an upcoming platform designed to “streamline how underwriters, brokers and shipping clients interact from start to finish”.