USA – Plug and Play’s Supply Chain Innovation Platform closed the Plug and Play Supply Chain Fund I, L.P., a $25.5m venture capital fund focusing on investments across the end-to-end supply chain.
The Plug and Play Supply Chain Fund compliments Plug and Play’s Supply Chain accelerator, which started in 2017 at Plug and Play’s global headquarters in Silicon Valley, and which expanded in 2019 into Bentonville, Arkansas with many industry-leading partners.Led by Mike Zayonc, Founder of Plug and Play Supply Chain, the fund is supported by top-tier Limited Partners such as the anchor Limited Partner RZC Investments, an investment firm founded by Steuart Walton and Tom Walton, the grandsons of the founder of Walmart, Sam Walton. It will focus on investing in Series A-C startups that are disrupting and receiving great traction in the supply chain industry. The investment focus areas will follow the same lines as the program, such as warehouse automation, e-commerce logistics, last-mile delivery, sustainability in the supply chain, blockchain for supply chain, computer vision, AI, and manufacturing technology.With this fund, Plug and Play will be able to further impact its startups and help them to scale. The vehicle will support the growing startup ecosystem in Northwest Arkansas and continue to bring global leaders from the supply chain venture capital ecosystem to Bentonville, Arkansas.Notable supply chain-related investments from Plug and Play include Shippo, Rappi, and Einride. Over the next two years, Plug and Play aims to make roughly 25 additional investments through this fund. Plug and Play is contributing approximately 10% of this fund’s capital, demonstrating our belief in this fund’s positive impact and future success.19/04/2022
