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.
