Wavecrest Partners and Abry Partners completed the investment in Pole Star Space Applications.

Two private equity companies Wavecrest Partners and Abry Partners completed the investment in Pole Star Space Applications, a provider of cloud-based compliance software solutions to the maritime sector. Financial terms were not disclosed. “We are focused growth investors in vertical software. The maritime industry is the critical conduit for $20tn of annual global trade, and it is an exciting time in the industry given the several opportunities for cloud software – compliance, surveillance, payments, and other areas. We believe Pole Star is incredibly well-positioned to capitalise on these trends and are excited to partner with them,” Deepak Sindwani, Wavecrest Growth Partners Managing Partner.