$69m fund targets supply chain, logistics start-ups

Choo Yun Ting | September 06, 2019

$69m fund targets supply chain, logistics start-ups
Reefknot Investments has launched a US$50 million (S$69 million) fund targeting high-growth technology businesses in the supply chain and logistics industry. The fund announced yesterday will be invested in six to eight growth-stage start-ups that operate on a business-to-business footing. The amount of investment for each firm will be decided on a case-by-case basis, said Reefknot managing director Marc Dragon. "What we are really looking for are start-ups which have a product and capability that are potentially industry-changing," he added. "As long as they have a product, they have proven the product, and they are ready to scale, that's when we actually come in." The firm will be exploring investment opportunities in artificial intelligence, digital logistics and trade finance within the supply chain and logistics industry, he added.

Spotlight

Infinera’s first supply-chain AI pilot project will go live in the middle of this year, Tuomala says, starting with one manufacturing plant. "We also want to provide availability information to our sales team and customers for all products before the end of the year."


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Infinera’s first supply-chain AI pilot project will go live in the middle of this year, Tuomala says, starting with one manufacturing plant. "We also want to provide availability information to our sales team and customers for all products before the end of the year."

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