For many tech startups focusing on maritime and trade solutions, funding can be hard to come by. The maritime industry is perceived as stubborn in the face of technological change and investors fear low adoption rates.
Motion Ventures, a consortium-driven fund that started in 2021, aims to change that. With anchor investors including Wilhelmsen Group and Lloyd's Register, plus government- and financial-sector stakeholders, it targets seed-stage startups "across the value chain, [...] as opposed to any siloed views". With over 25 investments and 2 profitable exits to date, the future looks promising.
Read more here or in the downloadable PDF below.
Maritime-focused venture capital fund reaps rewards in Singapore _ TradeWinds
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