EUVC E424 | Sune Stilling and Christy McCaig, Nine Realms: Reshaping supply chains through operator-led investing
Mar 7, 2025
47:20
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 Overview
03:05 Team Background and Expertise
03:46 Christy's Professional Journey
04:54 Sune's Professional Journey
07:54 Building Nine Realms
09:45 Collaboration Between CVCs and VCs
10:46 Corporate VC Strategies
12:04 Investment Structure and Decision Making
15:18 European Supply Chain Innovation
17:03 Investment Strategy and Allocation
18:24 Portfolio Management and Value Creation
28:09 Two-Sided Value Creation Model
29:45 Strategic Investors and Partnerships
35:43 Industry Trends and Themes for 2025
42:51 Resilience in Supply Chains
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 Overview
03:05 Team Background and Expertise
03:46 Christy's Professional Journey
04:54 Sune's Professional Journey
07:54 Building Nine Realms
09:45 Collaboration Between CVCs and VCs
10:46 Corporate VC Strategies
12:04 Investment Structure and Decision Making
15:18 European Supply Chain Innovation
17:03 Investment Strategy and Allocation
18:24 Portfolio Management and Value Creation
28:09 Two-Sided Value Creation Model
29:45 Strategic Investors and Partnerships
35:43 Industry Trends and Themes for 2025
42:51 Resilience in Supply Chains