Ahold Delhaize Partners With Other Retailers to Establish Venture Fund W23 Global; Frans Muller and Ingrid Maes Comment

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Mon. April 8th, 2024 - by Chandler James

ZAANDAM, THE NETHERLANDS - A strategic retail collaboration has come to a head. Ahold Delhaize is part of a group of five of the world’s leading grocers establishing a pioneering collaborative venture capital (VC) fund: W23 Global. The fund will seek to invest in innovative start-ups and scale-ups that deploy technology to enhance customer experiences, transform the value chain, and address sustainability challenges. Each retailer is an equal funder and partner in W23 Global, while their CEOs will sit on the investment committee.

Frans Muller, President and Chief Executive Officer, Ahold Delhaize

“As pioneers in retail innovation for more than 150 years, Ahold Delhaize has consistently led the way in investing in the customer value proposition,” Ahold Delhaize Chief Executive Officer Frans Muller said. “We look forward to enhancing our efforts by partnering with other industry leaders and maximizing our collective impact. Together with best-in-class start-ups and scale-ups, we strongly believe we can further drive retail innovation, foster sustainability, and deliver greater value to communities worldwide.”

W23 Global complements its partners’ continuing direct innovation and investment strategies, according to a press release. 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.

Ahold Delhaize is part of a group of five of the world’s leading grocers that is establishing a pioneering collaborative venture capital fund: W23 Global

W23 Global CEO and Chief Investment Officer Ingrid Maes commented on the news.

Ingrid Maes, Chief Executive Officer and Chief Investment Officer, W23 Global

"W23 is a potentially game-changing international VC fund with a powerful proposition for both our investors and portfolio companies. We aim to offer our investors incomparable access to transformative innovation in grocery and sustainability worldwide. W23 Global will work with its investors to identify common unaddressed challenges and support entrepreneurs to develop solutions, offering faster pathways to global scale for portfolio companies,” Maes said. “With leading grocery CEOs on our investment committee, founders can rapidly develop ideas based on an accelerated understanding of retailers’ needs.”

For more on this exciting collaboration, keep reading ANUK.