W23 Global

W23 Global is a corporate venture capital fund established to support innovation in the grocery retail sector. Launched in 2024, the fund is backed by five leading grocery retailers: Ahold Delhaize, Tesco, Woolworths Group, Empire Company Limited, and Shoprite Group. With a total fund size of $125 million, W23 Global focuses on investing in technology-driven startups and scale-ups that aim to transform retail operations and address sustainability challenges. The organization operates across multiple regions, including North America, Europe, Australia, New Zealand, Indonesia, and Africa, leveraging the expertise and resources of its backing retailers to provide accelerated pathways to global scale for its portfolio companies.

W23 Global provides unique value to its portfolio companies by leveraging the extensive networks of its five retail backers, offering strategic access and distribution channels across global markets. This collaborative approach enhances validation and market reach for startups, facilitating operational transformation and sustainability initiatives.