Dark
Light
Today: October 10, 2024
August 16, 2024
1 min read

Targeting European climate startups: Former Maersk Growth Head’s New Fund



TLDR:

Key points from the article:

  • A new $54.9 million fund has been launched to support EU, climate-focused startups in the logistics industry.
  • This fund is a rare bright spot in the shipping industry amidst a general decrease in venture capital investment.

Article Summary:

Former head of Maersk Growth, the corporate venture arm of Maersk, has set up a new fund targeting EU and climate-focused startups in the logistics sector. The $54.9 million fund aims to support innovative startups working on sustainability and climate-friendly solutions within the industry.

This initiative stands out as a positive development in a time when there has been a general pull-back in venture capital investment in the wider shipping industry. The fund provides a rare opportunity for startups focusing on environmental sustainability to receive financial support and potentially make a significant impact in the EU market.


Previous Story

HistoSonics secures $102m in latest funding round

Next Story

CoreWeave Elevates NJ to Top VC Ranking by 2024

Latest from Blog

Go toTop