“Kaiko Systems raises €2M seed round to digitize frontline work in ocean shipping”

Kaiko Systems, Sept 2022

Berlin, 21 September 2022 – Kaiko Systems, a Berlin-based software startup digitizing
maritime shipping, has successfully completed a seed financing round of € 2 million.

The company helps global shipping companies to digitize onboard operations of frontline
workers, reduce downtime, and increase technical management productivity. The capital
infusion will be used to grow its team, further advance its software solution, and expand into
new geographies.

Since launching their product in 2021, Kaiko Systems has swiftly won multiple reputable
customers such as Columbia Shipmanagement, Marlow Navigation, USC Barnkrug, CTM and
The Asian Spirit Steamship Company, contributing to the uptime of hundreds of vessels that
keep the global supply chain afloat 24/7.

The funding round comes from multiple investors, including Schoeller Holdings, Vineta
Ventures, A Round Capital, Flagship Founders as well as industry experts such as Clasen
Rickmers and Justus Kniffka.

Schoeller Holdings is the company behind one of the most respected ship management
companies in the world, Columbia Shipmanagement. “We benefit tremendously from the deep
expertise of Schoeller Holdings that will further support our mission of contributing to a safer,
smarter, more collaborative maritime industry,” says Fabian Fussek, Co-Founder and CEO
of Kaiko Systems.

Despite the fact that 90% of traded goods are transported via the oceans, most technical
operations are still based on paper and Excel. This leads to inefficient operations, heavy
workloads, and high rates of human error that contribute to ca. 75% of incidents at sea. Kaiko
Systems has developed a mobile-first app that streamlines technical operations such as
maintenance and inspections for ship crews. This improves quality, enables data to be
collected on the job, and reduces time spent on manual tasks.

In addition, its online dashboard serves as the shore team’s virtual assistant. It automatically
verifies the plausibility of data, and generates fleet-wide vessel health analytics. The dynamic
dashboard allows shore teams to instantly identify risks and prioritize tasks. In this way,
reaction time to findings is cut, downtime is reduced, and maintenance plans and costs are

“Maritime shipping is the backbone of the global supply chains, but for various reasons only
at the beginning of digitization. We have a unique opportunity here to play a significant role in
shaping the future of this industry,” says Fabian Fussek. “I am particularly pleased that renowned experts share our vision and have invested into the value our innovative solution represents.”

Eddy del Valle, Co-Founder & Chief Technology Officer (CTO) adds: “This investment is
a testament to the great work that the team of Kaiko Systems is consistently delivering. I am
very proud of our people and look forward to bringing further talent on board.”

Mark O’Neil, President of Columbia Shipmanagement, is also convinced by Kaiko
Systems’ solution: “The Kaiko Systems team has outstanding knowledge in building digital
products. Equipped with deep industry expertise, the company has already proven itself in the
market. The shipping industry needs companies such as these, to drive the digital
transformation. The need for advanced digital solutions especially in the area of data
acquisition and analysis on technical management is huge. Kaiko Systems is only at the
beginning and has great potential and we are delighted to be part of this development.”


About Kaiko Systems

Berlin-based Kaiko Systems GmbH was founded in 2020 to make shipping safer, smarter, and
more collaborative. The tech company has developed a smart and user-friendly data collection
and analysis tool that provides shipping companies and their stakeholders with comprehensive
insights into the manual part of technical operations, such as inspection and maintenance.
With a user-friendly mobile app, crews are able to continuously collect reliable technical data
on the job. The automated, AI-based analysis then provides the shore teams with data-based
insights on potential risks and efficiency gains. Disruptions and downtimes of ships can thus
be reduced. Further information at www.kaikosystems.com