Media365
A venture capital firm backed by Qatar’s sovereign wealth fund is taking a minority stake in an AI-powered logistics technology start-up backed by Hong Kong’s wealthiest man, as it looks for investment opportunities in the Greater China region to more than triple its assets under management by the end of 2025.
“We are a lead investor in this round,” said Ben Beya Dridje during an interview in Hong Kong. “This is only the beginning. It’s the first check. Once they grow a little bit more, they will be in better terms to raise more funds, and we will definitely follow on in the next round with more capital once they check some other milestones.”
Nexx’s clients include Hong Kong-based KLN Logistics Group and mainland home appliance manufacturer Gree Electric.
Rasmal’s assets were valued at US$30 million last year. The group is targeting a fund with assets of between US$70 million and US$100 million by the end of 2025, Ben Beya Dridje added.
