Co-funded by ADQ, the fund will support Agthia’s strategy of becoming a leading F&B company
Agthia Group recently announced the launch of Agthia Ventures, a corporate venture capital fund (CVC) designed to expand Agthia’s innovation capabilities and create mutual value with startups as the company continues to drive profitable growth in both new and existing markets.
Funded by Agthia and its parent company ADQ, an Abu Dhabi-based investment and holding company, Agthia Ventures will be managed together with Touchdown Ventures, a global leader in establishing and operating bespoke CVC programmes for blue-chip corporates, it was announced via a press communique.
Utilizing Touchdown’s extensive network of startups, venture capital relationships, incubators, and accelerators, Agthia Ventures is well-placed to identify attractive early-stage, seed, and growth investment opportunities, within relevant and target geographies.
Target investment interests include premium and ‘better for you’ snacks and beverages, functional water and hydration, alternative proteins, sustainability solutions in farming and packaging, e-commerce solutions for the food and beverage industry, and other capability enhancements relevant to Agthia’s value chain, the press note continued.
“In conjunction with our internal R&D initiatives, our CVC will give us access to cutting-edge technologies and market insights from dynamic entrepreneurs, helping to future-proof our growth,” commented Alan Smith, CEO, Agthia Group.
“Whether through providing expertise and distribution locally in the MENA region, or by working collaboratively in North American and European markets to leverage Agthia’s expertise, the team have a lot to offer to food and beverage innovators,” remarked Scott Lenet, President and Co-Founder, Touchdown.
