E424 | Sune Stilling and Christy McCaig, Nine Realms: Reshaping supply chains through operator-led investing

In today’s episode, Andreas Munk Holm speaks with Sune Stilling and Christy McCaig, General Partners at Nine Realms, a venture fund focused on transforming global supply chains. With a target size of €200 million, Nine Realms is raising its first fund, screening high-potential Series A investments across Europe and North America.Notably, their portfolio and previous investments include innovative companies like Clearly, Forto, and Loadsmart, which drive change in logistics and sustainable operations. Sune and Christy bring their extensive experience from corporate ventures and logistics, including Maersk Growth, to identify startup opportunities that address today’s global supply chain challenges.In this conversation, they discuss the fund’s strategy of building a concentrated, operator-led portfolio to generate steady returns from trade sales, not just unicorn exits. They explore how evolving trends like AI optimization and sustainability open new market opportunities.Go to eu.vc for our core learnings and the full video interview 👀Chapters:02:20 Nine Realms Fund Overview03:05 Team Background and Expertise03:46 Christy's Professional Journey04:54 Sune's Professional Journey07:54 Building Nine Realms09:45 Collaboration Between CVCs and VCs10:46 Corporate VC Strategies12:04 Investment Structure and Decision Making15:18 European Supply Chain Innovation17:03 Investment Strategy and Allocation18:24 Portfolio Management and Value Creation28:09 Two-Sided Value Creation Model29:45 Strategic Investors and Partnerships35:43 Industry Trends and Themes for 202542:51 Resilience in Supply Chains