Next Ocean, a Vessel Motion Radar technology developer, has secured a seed investment from Arches Capital, a Netherlands-based private equity firm.
With the investment, Next Ocean aims to scale production, enter new markets, and advance the development of its predictive radar technology.
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Arches Capital’s investment will help Next Ocean “enhance” its role in maritime safety technology.
The partnership also provides Next Ocean with access to “strategic” expertise through Arches Capital’s network of experienced entrepreneurs.
Arches Capital managing partner Frank Appeldoorn said: “At Arches Capital, we seek out transformative technologies, and Next Ocean embodies that vision perfectly. Their predictive radar technology is reshaping offshore safety and efficiency.
“We are excited to support their global expansion and help bring this innovation to more maritime professionals, making offshore operations safer and more reliable.”
Over the past years, Next Ocean has delivered several Vessel Motion Radar systems to players in the offshore wind and oil and gas sectors.
This technology offers “real-time insights” into wave-induced vessel motions, providing operators with the ability to foresee conditions up to three minutes in advance.
The precision of this system enables safer offshore operations, reducing operational risks and enhancing uptime, even in challenging weather conditions, according to the company.
Next Ocean CEO Karel Roozen said: “This partnership marks a significant milestone for Next Ocean, reinforcing our long-term commitment to the offshore industries. We are confident that Arches Capital will be a key partner in further establishing our market position.
“By accelerating our growth, we can bring our potentially life-saving technology to operators worldwide and strengthen the relationships we’ve built with our existing clients.”
In December 2024, Next Ocean secured a contract to supply an additional Motion Radar system to an unnamed existing client in Norway.
