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.

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