Maersk Tankers’ voyage optimisation spin-off ZeroNorth has a new cornerstone investor as part of a fresh funding round worth more than $50m.

Cash from PSG Equity has been injected alongside further investment from current shareholders AP Moller Holding and Cargill to enable ZeroNorth to look to further accelerate decarbonisation in shipping.

The investment from PSG Equity, a leading growth equity firm in the technology space, will support the company’s ambitious plans for continued expansion.