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

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


ZAANDAM, NETHERLANDS
Tuesday, April 9th, 2024

Like the Avengers of the retail world, five of the world’s leading grocers, including Ahold Delhaize, have teamed up to form a collaborative venture capital (VC) fund: W23 Global. Through this alliance, the fund seeks to invest in innovative start-ups and scale-ups that utilize technology to enhance consumer experience, transform the value chain, and take on sustainability challenges. Each of the five retailers is an equal funder and partner in W23 Global, and their Chief Executive Officers will sit on the investment committee.

Frans Muller, 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 CEO 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 GlobalW23 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.”

Stick with Deli Market News for future updates on this unique collaboration.

Ahold Delhaize
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