• ITVI.USA
    12,475.330
    -74.540
    -0.6%
  • OTLT.USA
    2.863
    0.005
    0.2%
  • OTRI.USA
    8.610
    0.210
    2.5%
  • OTVI.USA
    12,525.630
    -80.810
    -0.6%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
  • ITVI.USA
    12,475.330
    -74.540
    -0.6%
  • OTLT.USA
    2.863
    0.005
    0.2%
  • OTRI.USA
    8.610
    0.210
    2.5%
  • OTVI.USA
    12,525.630
    -80.810
    -0.6%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
BusinessFinanceModern ShipperNew TechNewsStartupsTechnologyTechnologyVisibility Tech

Plug and Play raises $25.5M for new supply chain fund

Accelerator firm plans to make 25 startup investments over the next 2 years

Accelerator firm Plug and Play announced Tuesday the closing of its $25.5 million venture capital fund, Plug and Play Supply Chain Fund I LP. The firm plans to use the funds to continue investing in supply chain technologies, particularly in series A to C startups.

“Historically we’ve been successfully investing from our family office in pre-seed and seed-stage startups, but now with this new fund, we will also be able to invest in Series A, B and C startups,” said Mike Zayonc, founder of Plug and Play Supply Chain and partner of Plug and Play’s Supply Chain Fund. “This is an enormous opportunity for us to invest in global startups going through our supply chain innovation programs currently operating in Arkansas, Silicon Valley, Hamburg, Savannah and Toronto. Many of the best startups that go through our program are at the later growth stages as they can successfully scale to the demands of our large Fortune 500 supply chain partners.”

Using its Supply Chain Innovation Platform, the accelerator firm is able to connect more than 500 of its corporation partners — like Panasonic, Walmart, Procter & Gamble and C.H. Robinson — to FreightTech startups to provide continuous innovation that will increase the corporation’s supply chain operational efficiencies. 




While providing this connection to large supply chain partners, Plug and Play also gives these startups a quintessential launchpad to scale their products and services.

The firm’s Plug and Play Supply Chain Fund I plans to make 25 investments over the next two years, focusing on FreightTech segments like warehouse automation, e-commerce logistics, last-mile delivery and sustainability initiatives, making investments in companies similar to those in Plug and Play’s current portfolio like Wareclouds, Repowr, Lula and FleetOperate.

The new fund is supported by top-tier limited partners, including anchor investors RZC Investments, the investment firm founded by the grandsons of Walmart founder Sam Walton, Steuart Walton and Tom Walton.

Plug and Play contributed roughly 10% of the fund’s total capital.

“We continue to be impressed with the flywheel Plug and Play has built to identify, validate and invest in category-defining startups across the globe. We look forward to collaborating with the Plug and Play team, alongside an impressive group of limited partners, to invest in transformational supply chain businesses both in Northwest Arkansas and internationally,” said Donald Huffner, vice president of RZC Investments.


Watch now:

You may also like

newtrul raises $2.25M to become ‘Expedia’ of logistics marketplaces

Walmart tests autonomous delivery vans for ‘middle-mile’ solution

Supply chain business accelerator plays to win

The FREIGHTWAVES TOP 500 For-Hire Carriers list includes J.B. Hunt (No. 4).

Grace Sharkey

Grace is an entrepreneur and former supply chain executive who has held positions in sales, operations, and consulting. She is passionate about the future of the industry and how technology can improve the experience for all supply chain members. She believes supply chain is the one industry that affects every human directly, and is looking forward to creating content that mirrors that sentiment. If you have a story to share, please contact me at gsharkey@freightwaves.com.