Temasek JV Reefknot eyes at least 3 more investments

Singapore

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."

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