DIGITAL maritime platform and ship-vetting specialist RightShip has secured a capital injection to enable faster growth and expanded technology.
The Melbourne-founded company, established in 2001 with shareholders BHP and Rio Tinto, joined later by Cargill, has announced funds advised by global investment firm Permira have become a minority shareholder “to accelerate the Company’s technology-led growth and mission of zero harm”.
The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes, RightShip added.
Permira describes itself as a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €80bn. Permira employs over 500 people in 17 offices across Europe, the United States and Asia.
RightShip CEO Steen Lund said the Permira investment was a strong endorsement of the company’s strategy and impact. “With Permira’s global scale and expertise in technology and M&A and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.”
Daniel Tan, Partner at Permira, said: “RightShip plays a critical role in improving safety and transparency in the maritime industry. The company’s services and data offerings come together on its AI-powered platform to bring deeper insights, better decision making, and workflow automation to key stakeholders. Innovation thrives at RightShip – as product-first growth investors, we are delighted to partner with management and existing shareholders on this exciting journey.”
In a joint statement BHP, Cargill and Rio Tinto said the founding shareholders were “pleased to welcome Permira and reaffirm our long-term commitment to RightShip. The combination of fresh capital and complementary capabilities, with Permira as part of the shareholder group, positions RightShip to deliver even greater safety, sustainability, and efficiency solutions for the maritime ecosystem.”