Kuehne + Nagel and Temasek's joint investment venture has launched with its first fund, to back logistics and supply chain technology startups.
Reefknot Investments, the Singapore-based joint venture formed by logistics firm Kuehne + Nagel and Singaporean government-owned investment firm Temasek, has launched a $50m fund, TechCrunch has reported.
The fund will invest in companies in and around the logistics and supply chain technology space at series A and B stage. Areas of interest include digital logistics technology, artificial intelligence and trade finance, though Reefknot is yet to reveal a debut investment.
Reefknot also has links to an ecosystem of logistics sector…
