W23

W23 is a global venture capital fund established by Woolworths Group, Australia's largest grocery retailer, in 2019. The fund focuses on investing in startups and scale-ups that leverage technology to revolutionize the retail sector and tackle sustainability issues. Backed by leading grocery retailers including Ahold Delhaize, Tesco, Empire Company, and Shoprite Group, W23 offers accelerated pathways to global scale for its portfolio companies.

The fund primarily targets investments in retail-tech, climate-tech, and digital health sectors, supporting companies at various stages from seed to growth. W23's strategic approach involves leveraging the combined expertise and resources of its partner retailers to drive innovation and growth in the retail industry. The fund's geographical focus spans multiple regions, including Australia, New Zealand, the United States, Canada, the United Kingdom, Europe, Indonesia, and Africa.

W23's investment philosophy centers on identifying visionary founders and providing them with the necessary support to achieve their ambitious goals. By fostering strategic partnerships and utilizing the scale and expertise of its partner retailers, W23 aims to accelerate the development and deployment of transformative technologies in the retail sector, contributing to a more sustainable and efficient industry.