MOL Plus, Mitsui O.S.K. Lines’ investment branch, has been chosen by Singapore’s government fund, Seeds Capital, as its business partner.
MOL Plus itself announced the news in a press release, pointing out that Seeds Capital, Enterprise Singapore’s investment division, supports Singapore’s deep tech start-ups developing new technologies and innovative solutions.
MOL PLUS stated that “through the partnership, Singapore startups will be able to tap on MOL PLUS’ networks in Japan to access investors and corporates for investment and business opportunities.”
MOL PLUS also intends to support foreign technology startups trying to enter the Singapore market.
MOL is the third Japanese investor to be selected under this co-investment program.
Other important Seeds Capital co-investors in the maritime technology sector include PSA unboXed and Innoport, the Schulte Group’s venture capital division.
Translation by Giles Foster
