Marine insurance technology company Concirrus has won an additional $6m of funding from specialist investment company CommerzVentures.

CommerzVentures is a part of Germany’s Commerzbank AG that invests in up-and-coming finance and insurance technology companies.

Heiko Schwender, a partner at CommerzVentures, said: “We believe Concirrus has the best solution to manage risk in the marine insurance industry.”

Concirrus recently celebrated its eighth birthday.