Reefknot Investments, the Singapore-based joint venture formed by logistics firm Kuehne + Nagel and Singaporean government-owned investment firm Temasek, has launched a $50m fund, TechCrunch has reported.
The fund will invest in companies in and around the logistics and supply chain technology space at series A and B stage. Areas of interest include digital logistics technology, artificial intelligence and trade finance, though Reefknot is yet to reveal a debut investment.
Reefknot also has links to an ecosystem of logistics sector investors that include PSA Unboxed and Unilever Foundry, which invest on behalf of port operator PSA International and consumer goods producer Unilever, as well as Atlantic Bridge, NUS Enterprise and the Singapore state-owned Vertex Ventures, EDBI and SGInnovate.
Marc Dragon, managing director of Reefknot, told TechCrunch the fund will back between six and eight portfolio companies, in addition to launching a think tank that will collaborate with government and industry stakeholders on research and innovative business models.
Dragon added: “There is a high level of expectation from vendors that because of technology, there will be new methods to do analytics and planning, and greater visibility in terms of information and product, materials and goods flowing throughout the supply chain.”
