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Home › Shipping News › Wilhelmsen And HHLA Anchors S$30M Fund For Innovations Tackling Maritime Value Chain Challenges
Wilhelmsen And HHLA Anchors S$30M Fund For Innovations Tackling Maritime Value Chain Challenges
February 25, 2021
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Motion Ventures, the consortium-driven investment fund powered by Rainmaking, has launched. The fund has a S$30M target and has completed its first close – with Wilhelmsen and HHLA as anchor investors – to accelerate startups solving maritime value chain hurdles with strategic capital and support.
“Motion Ventures is an innovation opportunity that tackles maritime value chain hurdles through a fresh industry consortium. For the first time, first-mover corporations like Wilhelmsen will bring together centuries of industry legacy, capital, resources and insight to ensure startups have the best possible chance to commercialize and find a strategic market fit. It’s an approach that will shake up the startup and corporate relationship and we’re excited to work with bold founders who are ready to make a meaningful impact in maritime value chains,” said Shaun Hon, General Partner at Motion Ventures and Director at Rainmaking.