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Newtown Partners & Imperial Logistics Launch $20m VC Fund For Logistics Startups

SA-based Venture Capital firm, Newtown Partners has teamed up with logistics firm, Imperial, to launch a fund dedicated to investing in high-growth supply chain and logistics startups.

The corporate venture fund plans to make an initial investment of US$ 20 million.

Newtown Partners was founded in 2014 as the result of a Dragon’s Den deal between Vinny Lingham and Llew Claasen. It has since made investments in Bloomable, Civic, SweepSouth, and the now defunct Wala.

Co-founder and General Partner of Newtown Partners, Vinny Lingham, said, “This programme will contribute to the long-term success of the organisation by identifying and leveraging startups deploying emerging technologies and business models in key geographical and logistics service areas.”

Read more from source article: https://innovation-village.com/newtown-partners-imperial-logistics-launch-20m-vc-fund-for-logistics-startups/

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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