On June 13, Iino Kaiun announced PDF file an investment in a fund managed by the DOCK, an Israeli venture capital (VC) firm specializing in the maritime field.
According to the announcement, the investment is intended to promote global open innovation activities through strategic investment in a fund specializing in maritime affairs, aiming to collaborate widely with startups and companies promoting advanced initiatives in the maritime field. By deepening its knowledge of new technologies in the maritime field and immediately adopting the most appropriate technologies, the fund also aims to strengthen competitiveness and realize an efficient and sustainable shipping industry.
The Dock has received investments from Japanese companies in the past, with NYK and ORIX taking equity stakes. According to The Dock, Israel's maritime sector ecosystem continues to grow, with the number of start-ups in the sector increasing from 37 in 2018 to more than 110 as of the first half of 2022.