Ahold Delhaize and 4 other grocers establish venture capital fund

By Peyton Bigora
Source: Grocery Dive

Ahold Delhaize along with four other global grocery companies established a collaborative venture capital fund called W23 Global, according to a Monday announcement.
The fund will seek to invest $125 million over five years in start-ups and scale-ups that deploy technology to improve customer shopping experiences, address the industry sustainability challenges and more.
Ingrid Maes, who currently leads Australian Woolworth’s Group’s innovation fund, W23 Australia, will lead the venture capital fund.