Organisation
Inocea
Marine, defence and industrial group owning Davie and Helsinki shipyards; backed Kraken's 2026 Series B.
Last refreshed: 24 July 2026
Background
Inocea is a marine, defence and industrial group with offices in London and Monaco, founded in 2012 by Alex Vicefield and James Davies. It owns Davie Shipbuilding, Canada's largest shipyard, and Helsinki Shipyard, and describes its focus as acquiring and operating businesses in the marine, defence and energy sectors. Inocea was one of the strategic backers, alongside the British Business Bank, NATO Innovation Fund and Rheinmetall, in Kraken Technology Group's $175m Series B round announced in July 2026, which valued the British uncrewed-surface-vessel maker at $1bn .
Common Questions
What does Inocea Group do?
Why did a shipbuilding group invest in Kraken Technology Group?
Inocea, which owns Davie and Helsinki shipyards, joined Kraken's 2026 Series B as a strategic backer alongside the British Business Bank and NATO Innovation Fund.
When was Inocea founded?
Inocea was founded in 2012 by Alex Vicefield and James Davies.
Where is Inocea based?
Inocea is based in London and Monaco.
When did Inocea acquire Helsinki Shipyard?
Inocea Group acquired Helsinki Shipyard, one of the largest Arctic shipbuilders, in 2023.