Ofiniti Secures $6.8M to Expand Maritime Fuel Platform
▼ Summary
– Ofiniti, a digital bunkering platform, raised $6.8 million led by Verb Ventures, bringing its total funding to $9 million to expand from Singapore into the ARA region, West Africa, and Scandinavia.
– The company’s FuelBoss platform digitizes the manual process of marine fuel delivery, handling scheduling, coordination, and documentation for all fuel types, including alternative fuels like methanol and ammonia.
– Ofiniti processed over 25,000 bunker operations in 2025 and claims a roughly 40% market share in Singapore, the world’s largest bunkering hub, following a mandate for digital bunkering.
– Regulatory pressures, such as Singapore’s eBDN mandate and the EU’s Emissions Trading System for shipping, are driving demand for verifiable digital records and automated compliance documentation.
– The company originated as an internal DNV project called FuelBoss, was spun out as an independent firm in 2024, and strengthened its Singapore position by acquiring local e-BDN provider Angsana Technology in 2025.
The global maritime fuel industry is undergoing a significant digital transformation, driven by new regulations and the complex shift towards alternative energy sources. Ofiniti, a digital platform born from Norwegian maritime giant DNV, has secured $6.8 million in growth funding to expand its solution for automating and documenting bunker operations worldwide. This latest investment round, spearheaded by UK-based Verb Ventures with co-leadership from ShipsFocus and participation from DNV Ventures and Nysnø Climate Investments, brings the company’s total funding to $9 million. The capital will fuel international expansion into key regions like the ARA ports, West Africa, and Scandinavia.
For decades, the process of delivering fuel to ships has been mired in manual paperwork. Each operation generates a trail of scheduling notes, delivery confirmations, and compliance records, traditionally managed with clipboards and spreadsheets. Ofiniti’s platform, called FuelBoss, digitizes this entire chain. It handles operational coordination and creates verifiable digital documentation for all marine fuels, including conventional oils, LNG, methanol, biofuels, and ammonia. The company reports processing over 25,000 bunker operations in 2025, with about 500,000 metric tonnes of that volume involving alternative fuels. It anticipates a tenfold increase in alternative fuel volume handled through its system in 2026 as compliance complexity grows.
The company’s origins trace back to an internal project at DNV around 2020. It was spun out as an independent entity in September 2024 after attracting investment. Ofiniti quickly moved to strengthen its position, acquiring Singapore-based Angsana Technology in March 2025. This merger combined FuelBoss with Angsana’s digital bunkering products and brought aboard its entire team. Singapore is the world’s largest bunkering hub, and its mandate for fully digital bunkering and electronic delivery notes from April 2025 created a massive market opportunity. Ofiniti claims it now holds roughly 40% of Singapore’s digital bunkering market, establishing itself as the dominant player in this critical location.
Regulatory changes are a primary driver for the platform’s adoption. Beyond Singapore’s mandate, ports in Rotterdam and Antwerp are implementing new metering requirements. Furthermore, the inclusion of shipping in the EU’s Emissions Trading System creates an urgent need for auditable fuel data and documented custody chains, especially for alternative fuels where sustainability claims require proof. This regulatory pressure makes reliable digital records essential for compliance and operational efficiency.
Ofiniti serves over 50 customers, including major fuel suppliers, global trading houses, and shipping lines. The company states its platform saves an average of 45 minutes per fuel delivery, which it calculates translates to up to 40,000 man-days saved annually across the industry. These figures have been cited independently by industry publications. The platform’s role in enabling the fuel transition was a key factor for investor Nysnø Climate Investments, which described Ofiniti as crucial digital infrastructure for maritime decarbonization.
With headquarters in Oslo and a strong operational base in Singapore, the company is actively building its presence in new regions. Its growing list of partners includes Norwegian firm Azane Fuel Solutions, which will use the Ofiniti platform as the digital foundation for its ammonia bunkering operations. The new funding is set to accelerate this global scaling effort as the maritime sector’s demand for digital bunkering solutions continues to rise sharply.
(Source: The Next Web)