Blank-check Company will acquire, invest in sustainable businesses
Agility announced that it has invested $35 million in Queen’s Gambit Growth Capital, a blank-check company that will target businesses offering sustainable solutions in clean energy, healthcare, financial technology, industrials, mobility and emerging technology.
Queen’s Gambit’s all-female management team is led by CEO Victoria Grace, a New York-based venture capitalist, and supported by an all-female Board with strategic networks and diverse industry experience.
“Agility’s investment in Queen’s Gambit reflects our commitment to sustainability and our belief that innovative technology can yield both social and economic returns,” remarked Tarek Sultan, Vice-Chairman, Agility.
The Queen’s Gambit’s female-led management team has the potential to tap into a differentiated network and perspective that positions it to execute a business combination with an attractive target,” according to Sultan. “This is a chance to take a more inclusive view of opportunities in the market, and drive value in the process,” he added.
Agility has been intensifying its long-standing commitment to the environment, sustainability and improved governance. It was recently added to the FTSE4Good Index Series, a resource used by investors to identify companies around the world with strong environmental, social and governance (ESG) practices.
