Marine Data Company Windward Raises $16.5 Million
Tel Aviv-headquartered Windward analyzes marine data to provide customers with insights about ship movements, transports, and risks
Tel Aviv-headquartered marine data startup Windward Ltd. has raised a $16.5 million series C, the company announced Sunday, bringing its total equity funding to $39 million.
For daily updates, subscribe to our newsletter by clicking here.The round was led by Menlo Park, California-based insurtech-focused venture firm XL Innovate, with the participation of existing investors. XL Innovate managing partner Tom Hutton will join Windward’s board following the investment. In April, the former CEO of BP PLC, Lord Browne of Madingley, also joined the company’s board.
XL Innovate and Windward have been working together for the past two years, said Hutton in a statement, adding that following the investment XL Innovate will also provide Windward with non-monetary assistance.