Rimas Kapeskas is VP of Strategy at UPS and Managing Director of the UPS Strategic Enterprise Fund (SEF) – corporate venture capital unit of global transportation and logistics firm UPS (NYSE: UPS), investing in early to mid-stage startup companies that are strategically relevant to UPS’ business, a position he has held since April 2011. Rimas oversees all operations of the fund, including sourcing and evaluating investment opportunities, facilitating ongoing relationships between UPS, the venture capital community and portfolio companies, and management of the fund staff. Rimas expanded UPS’ investment focus from US-only to global, adding investments in Asia, Europe and Latin America. Beyond investing, Rimas is also VP of Corporate Strategy and coordinates tech transfer and direct application of new capabilities for UPS and its clients.
Rimas was previously director of UPS Product R&D and UPS Product Innovation marketing director and has also been involved in diverse roles in marketing, sales, planning and integration of international acquisitions and related IT. Technologies he’s researched and invested in include robotics, drones, autonomous/connected vehicles, AI, IoT, 3D/additive manufacturing, sharing economy, blockchain, micro-finance, energy efficiency/sustainability and other next gen, industry 4.0, hi-tech and business solutions. Currently sourcing technology and emerging market spaces for accelerating sustainable improvements in global supply chains, ecommerce, distribution, logistics and other related sectors.
Rimas holds a master’s degree in business administration from the Goizueta Business School at Emory University and a bachelor’s of science degree from the University of Connecticut with concentration in medical science and public health. He has also completed executive education programs at University of Stanford Law School – Directors College and at the Venture Capital Institute where he is currently on the faculty.
Rimas is active as board director or observer with several SEF portfolio companies and is on the Corporate Venture Advisory Board of the National Venture Capital Association. Rimas is a board director on multiple non-profits, including Junior Achievement of Georgia and Dunwoody Nature Center, and participates in numerous startup programs and competitions as a coach, mentor and/ or judge including Venture Atlanta, TechStars, Dynamo Accelerator, MassChallenge, Village Capital’s Energy program and the Global Social Venture Competition (GSVC).