Global retailers Tesco, Woolworths, and others invest $125m in tech-focused venture capital fund, W23 Global, for grocery sector start-ups and scale-ups.

Tesco, Woolworths, and other global retailers have partnered to invest $125m into a venture capital fund, W23 Global, supporting start-ups and scale-ups in the grocery sector that are using technology to innovate and transform the industry. Each retailer is an equal funder and partner, with their CEOs sitting on the investment committee. The fund aims to invest in start-ups deploying technology to overhaul the grocery value chain and address sustainability in the sector.

April 08, 2024
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