ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Business deals

Temasek to launch $50m logistics fund with Swiss partner

Investment vehicle to support 6 to 8 supply-chain tech startups

Temasek Holdings and Kuehne + Nagel will hunt for startups that will innovate the logistics sector.   © Reuters

SINGAPORE -- Temasek Holdings, Singapore's state-backed investment group, and Swiss logistics company Kuehne + Nagel announced Thursday that they have established a $50 million fund to back innovative startups in the same sector.

The fund, administered by a joint venture called Reefknot Investments, will select between six and eight targets that specialize in advanced logistics technology, such as artificial intelligence and data-based supply chain management. The first recipient is expected to be announced shortly.

The financial support will address the growing demand to visualize and track deliveries in real time. Businesses are being pressed to adopt flexible supply chain strategies, especially against the backdrop of the U.S. trade war with China, said Marc Dragon, Reefknot's managing director.

In recent years, Temasek has expanded investment in unlisted growth startups, and the new fund is the latest step in that trajectory. Logistics is one of Singapore's core industries. Temasek owns a piece of PSA International, one of the world's largest port operators headquartered in the city-state.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more