TMV
Assembly Line
Sustainability startup Signol raises £2.5m to harness the human factor in emissions-intensive industries
Sustainability startup Signol, which uses behavioural science to reduce emissions in shipping and aviation, has raised £2.5m from leading industry-focused investors. The investment round was led by New York-based venture capital firm TMV, which invests in legacy industries ripe for disruption, such as healthcare, the future of work, maritime, ports and mobility. The round included participation from leading industry stakeholders: Ultranav, a global diversified ship-operator, and MOL PLUS, the venture arm of Japanese shipping company Mitsui O.S.K. Lines, Ltd.(MOL). London-based venture capital firm East Innovate, which led Signol’s previous funding round, has reinvested.