SEA Deal Ticker
A port operator turns startup investor: PSA and Granite Asia launch a US$50M supply-chain fund
Singapore port operator PSA International and Granite Asia, an investment firm managing US$11 billion, launched a US$50 million fund for port, logistics and supply-chain technology. It will back AI, robotics and automation firms alongside Granite Asia's other funds.
Positive-sum angle: A founder building warehouse or port software can now pitch the operator that would run the product and the fund that would back it in the same meeting.