Supply chain services provider Imperial Logistics is targeting early-stage logistics with a fund that is being managed by venture firm Newtown Partners.
South Africa-based supply chain services provider Imperial Logistics launched a $20m corporate venturing fund yesterday in partnership with venture capital firm Newtown Partners.
Newtown will manage the vehicle, which will operate independently to Imperial. The $20m represents an initial contribution to the fund, though neither firm has confirmed whether Imperial provided the entire amount.
Founded in 1975, Imperial provides supply chain, distribution and warehousing services for goods deliveries, predominantly in Africa and Europe.
The fund will make early-stage investments aligned…
