Each retailer is an equal funder and partner in W23 Global, while their CEOs will sit on the investment committee.
W23 Global complements its partners' continuing direct innovation and investment strategies. The fund's portfolio companies will be free to contract with any customer, whether a W23 Global partner or otherwise, on whatever terms they decide.
W23 Global CEO and Chief Investment Officer
'W23 Global will also work with its investors to identify common unaddressed challenges and identify entrepreneurs best placed to innovate new solutions. Our ambition is to offer our portfolio companies faster pathways to global scale, without being exposed to a venture fund anchored by a single strategic investor. With five of the world's leading grocery CEOs sitting on our investment committee and access to our broader ecosystem, our founders can test and develop their ideas quickly based on an accelerated understanding of retailers' needs.'
Notes to editors:
Where W23 Global will invest
W23 Global will seek to invest in start-ups and scale-ups deploying technology to:
Benefit consumers by driving faster, more personalised and connected experiences across stores and online;
Create more efficient grocery value chains to the benefit of all stakeholders;
Address grocery's biggest sustainability challenges from farm to household, including emissions and waste reduction, packaging innovation, product traceability and transparency, healthy choices and biodiversity.
In addition to investing in early-stage businesses, W23 Global will seek out entrepreneurs to solve problems that are not currently being adequately addressed.
About W23 Global
W23 Global will seek to deploy
W23 Global is led by CEO and Chief Investment Officer (CIO)
Ingrid brings an established track record, as well as 25+ years of experience in retail, data, customer loyalty, digital and investing.
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