The Oslo-based DNV spinout processed over 25,000 bunker operations in 2025 and claims roughly 40% of Singapore’s digital bunkering market. Verb Ventures leads a growth round that brings total funding to $9 million.
The paperwork of global shipping is notoriously stubborn. Every fuel delivery to every vessel at every port generates a chain of manual documentation, scheduling, delivery notes, compliance records, that the industry has largely run on clipboards and spreadsheets for decades.
Ofiniti, the Oslo-headquartered platform that has spent the last several years digitising that process, has raised $6.8 million in a growth round to accelerate its expansion across the world’s major bunkering hubs.
The round is led by Verb Ventures, a UK venture capital firm focused on digital infrastructure for global trade, with ShipsFocus co-leading and DNV Ventures, Nysnø Climate Investments, and other investors participating. The raise brings Ofiniti’s total funding to $9 million and is intended to fund international scaling beyond its current stronghold in Singapore into the ARA (Amsterdam-Rotterdam-Antwerp) region, West Africa, and Scandinavia, where major fuel suppliers have already begun adopting the platform.
Ofiniti’s platform, FuelBoss, handles scheduling, operational coordination, and digital documentation for all marine fuels: conventional fuels, LNG, methanol, biofuels, and ammonia. The company says it processed more than 25,000 bunker operations in 2025, with 500,000 metric tonnes of that volume comprising alternative fuels.
It expects alternative fuel volumes to increase tenfold in 2026 as the complexity of multi-fuel compliance documentation pushes more suppliers towards automated systems.
“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,” said Tue Nielsen, CEO, Ofiniti
From DNV internal project to independent platform
Ofiniti was originally developed inside DNV, the Norwegian classification society and maritime assurance body, under the name FuelBoss, with its roots going back to around 2020. It became an independent company in September 2024, when DNV spun it out following investment from ShipsFocus and a Nordic family fund.
DNV Ventures remained the largest shareholder through the spin-out and continues to hold a stake in the company. Three DNV employees left their roles to join Ofiniti as founders at the time of the spin-out.
In March 2025, Ofiniti moved to consolidate its Singapore position by acquiring Angsana Technology, another Singapore-based e-BDN provider that had been one of the first companies whitelisted by the Maritime and Port Authority of Singapore (MPA) for digital bunkering. The acquisition brought together Ofiniti’s FuelBoss platform with Angsana’s BunkerFlow and DocuFlow products, along with the full Angsana team.
Singapore’s relevance to Ofiniti’s story is hard to overstate. The city-state is the world’s largest bunkering hub by volume, and the MPA mandated digital bunkering, requiring electronic Bunker Delivery Notes (eBDNs) for all fuel deliveries, from April 2025. All bunker suppliers in Singapore had adopted digital bunkering by August 2025.
Ofiniti says it holds approximately 40% market share in Singapore’s digital bunkering market, making it by its own reckoning the dominant platform in the market that matters most.
The regulatory pressure driving demand
The timing of the funding reflects a broader shift in maritime regulation. Singapore’s eBDN mandate was a significant forcing function, but it is one of several converging pressures. The ARA ports of Rotterdam and Antwerp-Bruges introduced their own requirements for mass flow metering on bunker barges above 300 GT from the start of 2026.
The EU’s Emissions Trading System now covers shipping, creating new demands for verifiable fuel data and documented custody chains, particularly for alternative and low-carbon fuels where sustainability claims must be substantiated with real-time records.
“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