Singapore Startup Fund Raises Cash to Upend Maritime Businesses
Singapore Startup Fund Raises Cash to Upend Maritime Businesses Bloomberg 2/25/2021 Yoolim Lee (Bloomberg) -- Motion Ventures, the Singapore-based investment vehicle of European venture builder Rainmaking, completed the first closing of a planned S$30 million ($23 million) fund aimed at disrupting shipping and port businesses. European transport and logistics companies Wilh Wilhelmsen Holding ASA and Hamburger Hafen und Logistik AG participated as anchor investors and were joined by other backers. Motion Ventures’ debut fund aims to introduce cutting-edge technologies to t...
Source: msn.com