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

September 06, 2019 / Choo Yun Ting

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.