Under the name Reefknot Investments, Singapore's sovereign wealth fund Temasek and transport mega Kuehne + Nagel joined forces to establish a $50 million venture fund for logistics as well as supply chain start-ups. The managing director Marc Dragon informed TechCrunch that Reefknot intends to invest in six to eight Series A and B rounds. A typical Series B round can be between $20 and $30 million, so Reefknot does not seem to be the lead investor in most of its deals. That orientation provides the fund a distinct risk profile than Maersk Growth, a comparable venture fund for strategic logistics that concentrated on early-stage food waste investments. An increasing amount of sovereign wealth funds are seeking direct equity as well as venture capital transactions. Malaysia, Singapore, Qatar, and Abu Dhabi have all established venture capital deals in Silicon Valley. The amount of deals has grown over the previous five years as the chance has become clearer to digitize a paper-based yet essential service industry. At the very same moment, the average size of the agreement has increased as winners in categories such as visibility solutions and digital freight brokerage have emerged. FreightWaves released proprietary studies on August 30 that found that FreightTech's venture capital investment increased to $5.6 billion in 2019 so far. The launch of Reefknot is a signal that the venture capital cycle of FreightTech still has legs. The most risk-averse cash on the venture capital marketplace is sovereign wealth funds and publicly traded corporations; seed funds placing many tiny bets are on the other hand of the spectrum. FreightTech investment in the project has always been balanced with Asia leading the way between Asia and North America. The entrance into space of an Asian sovereign wealth fund refers to the sector's maturity in a region characterized by its high-tech, export-oriented economies.