W23
Overview
W23 Global is a corporate venture capital fund established in 2024, backed by five prominent grocery retailers: Tesco, Ahold Delhaize, Woolworths Group, Empire Company Limited/Sobeys Inc., and Shoprite Group. The fund focuses on investing in start-ups and scale-ups that deploy technology to transform the retail sector and promote sustainability. With a global presence spanning the United States, Canada, the United Kingdom, Europe, Australia, New Zealand, Indonesia, and Africa, W23 Global leverages its investors' extensive networks to accelerate the growth of its portfolio companies. The fund's investment strategy targets early to growth-stage companies operating in sectors such as retail technology, sustainable packaging, and agricultural technology. By providing capital and strategic support, W23 Global aims to drive innovation in the grocery value chain and address sustainability challenges within the industry. The fund's investment committee includes the CEOs of its five founding retailers, ensuring alignment with the strategic interests of its backers. W23 Global's portfolio includes investments in companies like Protex AI, a provider of AI-powered workplace safety and operations solutions, and Spero Foods, a women-founded company specializing in plant-based products. These investments reflect the fund's commitment to supporting innovative solutions that enhance retail operations and promote environmental sustainability.
Investment Focus
- Technology-driven solutions
- Retail sector focus
- Sustainability emphasis
- Early to growth-stage companies
Portfolio Companies
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Frequently asked questions about W23
What sectors does W23 invest in?
W23 invests in Sustainability, Agricultural Technology, Supply Chain, Retail Technology and Sustainable Packaging, and is based in Australia. W23 is listed as a corporate vc in the ConnectSafely investor database.
What stage does W23 invest at?
W23 backs companies at Seed, Series A and Growth, writing cheques of $500K - $1M.
Which regions does W23 invest in?
W23 invests across United States, United Kingdom, Canada, Australia, Indonesia and South Africa.
Who are the partners at W23?
Team members listed for W23 include Brendon Blacker (Head of Investments) and Ingrid Maes (Founder, CEO & Chief Investment Officer).
What companies has W23 invested in?
W23's portfolio includes protex ai and Spero Foods.
How do I contact W23?
W23's contact details are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
