It’s smooth sailing with our newest investment. Our team is pleased to welcome Sea-Flux into the Punakaiki Fund portfolio. We’ve taken a 13% stake in this highly innovative New Zealand maritime technology company.
The On-Deck Advantage: Why Sea-Flux Stood Out
Sea-Flux transforms maritime operations with a cloud-based vessel management software. Founder and former commercial vessel skipper, Tai Ellis, created Sea-Flux after years of frustration with unwieldy and inefficient legacy, mainly paper-based, systems at sea.
We were impressed not only by the technology and market potential, but also by the proven capabilities of Sea-Flux’s team.
What Sea-Flux’s vessel management app does
As an intuitive software solution, Sea-Flux is a comprehensive, mobile first cloud-based software app, that combines compliance, safety, maintenance, and crew management with offline capabilities, available across devices.
For its customers, the advantages are compelling. Sea-Flux is more intuitive and quicker to use and adopt compared to traditional systems. It saves time, money, and reduces risks to seafarers and the environment as it’s available to all crew and management – all of the time.
The company’s technology is also award-winning. In 2024, Sea-Flux took home the Innovation Award for Electronic and Electrical Systems at the European Commercial Marine Awards in Southampton, England.
What’s next for Sea-Flux and Punakaiki Fund
Punakaiki Fund Investment Manager, Cormac McCullough was one of the key people behind the deal. “Tai and the Sea-Flux team know the market inside and out,” says Cormac. “They’ve used their deep industry insights to create a product that’s impressively fit for purpose.”
Cormac added, “Sea-Flux has a strong opportunity to become the global leader in their niche. This funding marks the beginning of an exciting growth story. We’re looking forward to supporting them as they scale.”
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At Punakaiki Fund, our experts make long-term investments into high-growth, revenue-generating New Zealand technology and SaaS companies. Learn about our investment opportunities.
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