Skip to main content


October 31, 2023 • By ITE Management

ITE Management L.P. (“ITE”), an investment firm focused on investing in critical real assets in the transportation and industrial sector, welcomes Raymond Fung, as the Head of Emerging Technology and Innovation, Vice President. Mr. Fung will leverage the proprietary sourcing of ITE’s vertical expertise to unlock emerging innovations, technologies, and businesses that create next-generation, cash-yielding strategies for our investors.

Mr. Fung has over eight years of experience as a consultant, operator and venture investor. His venture investing spans stages (early and growth) and a range of sectors (agriculture, energy, industrials, transportation, climate, B2B vertical SaaS). Raymond joined ITE from Upfront Ventures, where he focused on climate investing alongside generalist early growth investing. Prior to that, he was at ArcTern Ventures, where he invested in several climate companies at the Seed to Series B stage. Previously, Raymond worked on the operating side at Enveritas, a Y-Combinator backed startup focused on commodity supply chain transparency and ESG where he managed operations in Ethiopia and Cote d’Ivoire. Raymond started his career as a strategy consultant at McKinsey & Company, working with executive clients on strategic and operational challenges.

Mr. Fung received his BAsc. in Nanotechnology Engineering from the University of Waterloo.

It is an exciting time as innovation across supply chains, the energy transition, and industrial transportation intersect in meaningful ways. Raymond will help us access the landscape of emerging technologies as a benefit for our assets and operations and as an investment opportunity,” said Jason Koenig, Managing Partner of ITE Management. “Leveraging our relationships and expertise to invest in innovative companies is a key piece to our cash-yielding, diversified approach.”