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Temasek 2.7% 231025XB#

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Last Done 1.050
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Range 1.050 - 1.050

Related News

Temasek JV Reefknot eyes at least 3 more investments

09 Jul 2020 09:00

By Angela Tan

REEFKNOT Investments, a 50:50 joint venture between Singapore's state investment firm Temasek Holdings and Swiss transport and logistics giant Kuehne + Nagel (K&N), is looking to invest in at least three more startups through an inaugural US$50 million global fund.

"This year, we are actively looking out to invest in startups that can really transform the (transport and logistics) industry," said Marc Dragon, managing director of Reefknot. "The area of supply chain visibility and what does it entail to drive that visibility is for us important over the next few months."

Reefknot was set up to invest in and support transformative logistics and supply chain technology start-ups globally.

Speaking on a Zoom interview with The Business Times, Mr Dragon said the US$50 million tranche can support "five to six investments". So far, the venture capital fund has made two investments.


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Source: Business Times
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