A director from Doyle Shipping Group is raising a $20 million (€16.8 million) venture capital fund to invest in early-stage supply chain start-ups. Freight Ventures is led by Max Doyle, a director at the Irish shipping business and son of its chairman. Doyle is a solo general partner in the fund, which is incorporated in Delaware, and began raising late last year. He is eyeing a final close in the summer months. The fund has made two investments so far: British AI freight forwarding start-up Beacon, which is also backed by Jeff Bezos; and Denmark’s EnCoat, which is developing more…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today and get full access to The Currency and The Wall Street Journal – TWO premium memberships for the price of one.