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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