TMV announced the launch of TMV Logistics, a $200 million venture fund focused on maritime and logistics innovation. The fund received anchor commitments from American Bureau of Shipping (ABS) and Prologis Ventures, the investment arm of Prologis (NYSE: PLD).

The fund will invest in pre-seed through Series A companies working on maritime, shipbuilding, ports, and intermodal logistics infrastructure. TMV targets five technology areas: industrial autonomy systems, verticalized robotics, operational AI, maritime dual-use technologies, and energy transition solutions.

Federal shipbuilding investment in the United States is projected to increase from $33.35 billion in fiscal year 2024 to $47.3 billion in fiscal year 2026, with a proposed $65.8 billion for fiscal year 2027, according to the press release. International investment includes more than $150 billion from South Korea and Japan supporting expanded shipbuilding capacity.

"ABS has long believed that the future of maritime safety and performance will be shaped by closer collaboration with innovators at the frontier of technology," said John McDonald, ABS Chairman and CEO. "Our partnership with TMV Logistics reflects that conviction."

Will O'Donnell, Managing Director of Global Corporate Development at Prologis Ventures, stated that investing in maritime innovation extends their work to improve efficiency from port to warehouse.

TMV, founded in 2016, manages $230 million in assets across more than 50 investments in AI, healthcare, maritime, and logistics sectors. The firm's portfolio companies have raised more than $1 billion in follow-on funding.

ABS, established in 1862, provides classification and technical advisory services for marine and offshore assets. Prologis operates as a logistics real estate company with over $235 billion in assets under management.