Reefknot Investments announced its plans to invest $50 million in startups that operate in logistics and supply chain market space.
Reefknot Investments is a joint venture between Singapore’s sovereign fund Temasek and global logistics company Kuehne + Nagel, based in Switzerland.
The investment firm is set up in Singapore and will focus on investing in startups raising their Series A and B rounds.
Launched in 1996, Kuehne + Nagel operates in over 100 countries with 1300 facilities spread across the globe that house approximately 82,000 employees.
Some of its portfolio services include seafreight, airfreight, contract logistics, and overland business. According to Crunchbase, the logistics platform has acquired 17 companies so far.
Temasek Holdings, owned by the Singapore Government, has invested in numerous startups across telecommunications, financial services, real estate, life sciences, among many others.
The firm’s 17-year long-run has seen it emerge as one of the leading global investors. Temasek focuses on investing in startups that use bleeding-edge technology to meet the growing consumer demand.
“There is a high expectation level from vendors and 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,” cited Marc Dragon, Managing Director of Reefknot Investments.
Reefknot Investments will get on board as a strategic investor to offer business and technical insights to its portfolio companies.
The combined expertise of Temasek and Kuehne + Nagel is sure to scale up the invested startups. In addition to offering its expertise, the investment firm will also provide connections industry-leading partners spread across different domains.
Dragon further stated that the combination of explosive global technology and growth in emerging economies had driven the companies across global value chains to re-evaluate their business models.
The investment firm will set up a think tank to help startups create an innovative and stable supply chain, business models.
Reefknot Investments has planned to invest in 6 to 8 startups that use emerging tech such as AI, trade finance, and digital logistics to meet market demands.
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