The $22.7m Wilhelmsen and HHLA-backed maritime vehicle has added three fellow corporate investors – MOL Plus, IMC Ventures and Signal Ventures – to its LP roster.
Shipping groups Mitsui OSK Lines (MOL), IMC Group and Signal Group have committed capital to a S$30m ($22.7m) fund run by Singapore-based venture capital firm Motion Ventures.
The vehicle will focus on early-stage maritime technology developers working on automation and artificial intelligence-powered products. MOL Plus, IMC Ventures and Signal Ventures represented the three corporate investors respectively, each provided undisclosed amounts.
The fund is co-run with startup incubator operator Rainmaking and counts shipowner Wilh Wilhelmsen and logistics group Hamburger Hafen und…
