Shift4Good, an impact fund that is based in Singapore and Paris, has announced that it raised USD4.35m from Singapore-listed transportation firm ComfortDelGro Corporation. In a statement, the company said that ComfortDelGro is the first strategic limited partners (LP) operation from Southeast Asia that has invested in Shift4Good, which hit a first close of about USD98m for its debut fund in October 2022. Other participating LPs include European Investment Fund (EIF), Renault Group, French souvenir fund Bpifrance, MOTUL, among others. In all, Shift4Good hopes to raise EUR300m for this venture fund as the company eyes deploying into early-stage startups that are decarbonising the transportation industry in Europe and Southeast Asia. Shift4Good has so far deployed in two European startups – Eyelights and ComPredict - since November.
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