News Snippets

Reefknot Investments launches eight-figure fund to invest in logistics and supply chain start-ups

Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced the launch of a $50m fund for logistics and supply chain start-ups. The firm is based in Singapore, but will look for companies around the world that are raising their Series A or B rounds.

Managing director Marc Dragon tells TechCrunch that Reefknot will serve as a strategic investor in its portfolio companies, providing them with connections to partners that include EDBI, SGInnovate, Atlantic Bridge, Vertex Ventures, PSA unBoXed, Unilever Foundry and NUS Enterprise, in addition to Temasek and Kuehne + Nagel.

Dragon, a veteran of the supply chain and logistics industry, says Reefknot plans to invest in about six to eight start-ups. It is especially interested in companies that are using AI or deep mind tech, digital logistics and trade finance to solve problems that range from analysing supply chain data and making forecasts to managing the risk of financing trade transactions. Data from Gartner shows that about half of global supply chain companies will use AI, advanced analytics or the Internet of Things in their operations by 2023.

Previous ArticleNext Article