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FuelFWD Secures Seed Investment

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Kate Rainford

Kate is our Junior Writer at Tank Storage Magazine

FuelFWD has completed a seed investment round. The round was led by Value Factory Ventures, with renewed support from Docklab Ventures and the Port of Rotterdam, who are investing in FuelFWD for the second time.

FuelFWD’s role is to streamline the renewable fuels market by eliminating the burden of compliance and providing traceability. FuelFWD offers a software solution for companies in the renewable fuels sector, where compliance administration is often time-consuming and costly. The software provides an alternative to the often manual, Excel-based workflows for compliance administration and reporting. Using AI, manual error-prone processes are digitised, and potential compliance issues are automatically flagged. This enables biofuel and e-fuel producers and traders to work far more efficiently, reduce costs, and drastically mitigate risks of non-compliance.

Menno van der Zalm, managing director of FuelFWD says: ‘Renewable fuels are the future. Our mission is to help companies operate more efficiently and compliantly in a complex and rapidly changing market. With the support of Docklab Ventures and Value Factory Ventures, we can further develop our solution and maximize its potential. We are proud of the collaboration and look to the future with confidence.’

Johan van Heusden, CFO of Value Factory Ventures adds: ‘This startup accelerates the energy transition by enhancing efficiency and transparency in the renewable fuels supply chain. It perfectly aligns with our investment focus on startups that play an active role in combating climate change through groundbreaking solutions.’

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