Reefknot Investments is launching a $50 million fund for logistics and supply chain startups.
Despite being based in Singapore, the company will look around the world for companies that are raising their Series A or B rounds.
According to TechCrunch, Reefknot will serve as a strategic investor in its portfolio companies, providing them connection to industry leading partners such as EDBI, SGInnovate, Atlantic Bridge, Vertex Ventures, PSA unBoXed, Unilever Foundry and NUS Enterprise.
The company will reportedly invest in up to eight startups and is especially interested in companies that use artificial intelligence, digital logistics and trade finance to solve problems that range from analyzing supply chain data. According to data from Gartner, nearly half of global supply chain companies will use AI, advanced analytics or IoT in their operations within the next five years.
TechCrunch reports that Reefknot will also establish a think tank that works with industry exports and government organizations to explore new logistics and supply chain business models that startups can bring into fruition.