Ofiniti is rapidly scaling its digital bunkering footprint across the ARA region, Scandinavia, and West Africa. By securing a 40% market share in the world’s largest bunkering hub and expanding into emerging low-carbon corridors, the company is establishing the essential digital infrastructure for the global maritime fuel transition. This international expansion, backed by DNV and Nysnø, positions Ofiniti as the primary cross-border platform for verifiable marine fuel data and regulatory compliance.
Singapore | March 18, 2026 – Ofiniti, the Oslo-headquartered digital bunkering platform and high-profile DNV spinout, has successfully raised $6.8 million in a new growth funding round. This latest injection of capital brings the company’s total investment to date to $9 million, signaling strong investor confidence in the digitalization of the global marine fuel supply chain.
The funding comes at a critical juncture for the maritime industry, as tightening environmental regulations and the shift toward a multi-fuel future, including LNG, methanol, biofuels, and ammonia, create an urgent need for verifiable, real-time digital documentation.
Strategic Investment & Global Ambitions
The investment round was led by London-based Verb Ventures, a venture capital firm specializing in digital infrastructure for global trade. ShipsFocus, a Singapore-based maritime technology venture studio, co-led the round, with continued participation from:
- DNV Ventures (DNV’s venture capital arm)
- Nysnø Climate Investments (The Norwegian sovereign climate investment fund)
- Various strategic private investors.
The capital will be utilized to scale Ofiniti’s operations beyond its dominant position in Singapore into other major global bunkering hubs, specifically targeting the ARA (Amsterdam-Rotterdam-Antwerp) region, Scandinavia, and West Africa.
Dominance in the World’s Largest Bunkering Hub
Ofiniti has rapidly established itself as a market leader in Singapore, the world’s premier bunkering port. Following the Maritime and Port Authority of Singapore (MPA) mandate for digital bunkering, which required electronic Bunker Delivery Notes (eBDNs) for all fuel deliveries starting in April 2025, Ofiniti’s adoption skyrocketed.
As of early 2026, the company claims an estimated 40% market share of Singapore’s digital bunkering market. In 2025 alone, the platform processed more than 25,000 bunker operations, including approximately 500,000 metric tonnes of alternative fuels. Ofiniti projections suggest alternative fuel volumes on the platform could increase tenfold by the end of 2026.
From DNV “FuelBoss” to Independent Powerhouse
Ofiniti’s journey began around 2020 within DNV under the name FuelBoss. In September 2024, DNV officially spun the unit out as an independent entity to allow for greater agility and external investment. Three senior DNV employees transitioned to become the founders of Ofiniti, while DNV Ventures retained a significant stake.
A pivotal moment in the company’s growth occurred in March 2025, when Ofiniti acquired Angsana Technology, a Singapore-based e-BDN provider. This acquisition integrated Angsana’s BunkerFlow and DocuFlow products into Ofiniti’s flagship platform, creating a comprehensive digital ecosystem that covers scheduling, operational coordination, and automated documentation.
Industry Impact: Efficiency and Regulatory Compliance
The transition from paper-based to digital records is no longer a luxury but a regulatory necessity.
- ARA Region: The ports of Rotterdam and Antwerp-Bruges have mandated mass flow metering (MFM) for bunker barges above 300 GT starting in 2026.
- EU ETS & FuelEU Maritime: New EU regulations require precise, verifiable data to track fuel lifecycles and emissions, particularly for alternative fuels where sustainability claims must be proven.
Ofiniti claims its platform saves an average of 45 minutes per delivery, which translates to approximately 40,000 man-days saved annually across the industry.
Strategic Perspectives: Voices from the Industry Leaders
Tue Nielsen, CEO of Ofiniti “Our customers are managing more fuel types, across more ports, under more demanding documentation requirements than ever before. Including major fuel suppliers and global trading houses, they rely on Ofiniti’s seamless scheduling and automated documentation to reduce operational costs, protect themselves through verifiable digital records, and provide full transparency across every delivery. This funding enables us to serve more customers, in more markets, as demand for digital bunkering operations continues to grow.”
Alex Chikunov, Founding Partner at Verb Ventures “Ofiniti has rapidly established and maintained market leadership in a $250 billion industry that is being forced to digitize by regulation. From Singapore to Rotterdam to the EU’s new emissions reporting requirements, the pressure on shipping to move from unreliable paper documentation to verifiable digital records is coming from multiple directions at once. Tue and his team have built a platform that will be essential for the industry’s largest operators, and we can help them scale it globally.”
Kaare Helle, Venture Director at DNV Ventures “DNV Ventures continues to back Ofiniti because of its impressive growth and clear market validation. Under Tue’s leadership, the team has proven it can win and retain key customers, and the company is already a market leader in Singapore with strong potential to expand globally. With fast revenue growth, disciplined execution, and a compelling vision, Ofiniti is well-positioned to become a global maritime operations platform.”
Maren Stangeland, Investment Manager at Nysnø Climate Investments “We see Ofiniti as key digital infrastructure for the maritime fuel transition – turning bunker deliveries from paper-based processes into real-time, verifiable data that stakeholders can trust. This matters even more as shipping moves toward alternative and low-carbon fuels, where transparency and data integrity are critical. We’re excited to support Tue and the Ofiniti team in the next phase of growth.”
Chye Poh Chua, Founder of ShipsFocus Ventures “We saw Ofiniti’s potential early and have been consistently impressed by its rapid progress and execution. We are now doubling down to support Tue Nielsen and his team as they scale the platform globally, expand into new markets, and deliver on Ofiniti’s tremendous potential.”
Future Outlook
With over 50 major customers, including global trading houses and bunker suppliers like Azane Fuel Solutions, which uses Ofiniti as the digital backbone for ammonia bunkering, the company is positioned to be the primary operating system for the “new” bunkering era.
About DNV Ventures
DNV Ventures serves as the corporate venture capital arm of DNV, the global independent authority on assurance and risk management. By investing in and partnering with high-growth startups and scale-ups, DNV Ventures accelerates the development of transformative solutions in safety, sustainability, and digitalization. Its portfolio focuses on driving innovation across the energy and maritime sectors, ensuring the industry remains resilient and future-ready in an increasingly complex regulatory landscape.
About Ofiniti
Ofiniti is the maritime industry’s premier independent operational platform for bunkering, providing a unified global solution for the digital delivery of all marine fuel types. By bridging the digital divide between suppliers and ship operators, the platform streamlines the entire bunkering lifecycle, from simplified planning and seamless execution to real-time monitoring and automated documentation.
With a portfolio of more than 50 global customers, Ofiniti is setting the standard for data integrity and operational efficiency in the bunkering sector. The company is headquartered in Copenhagen, maintains a primary operational hub in Singapore, and is rapidly expanding its footprint across the world’s major bunkering corridors.
Source: DNV | Ofiniti