Capital venture firm Quest Ventures has teamed up with ShipsFocus to launch a maritime fund to help finance start-ups.
The first close of the fund has raised just over SGD 10m ($7.4m) to go towards seed and Series A companies, the two Singapore partners confirmed to TradeWinds.
"The Maritime Fund will invest in start-ups and technologies spanning applications in shipping and operations, maritime services, and port operations and services," the companies said.
