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Thursday, May 23, 2024

Abu Dhabi-based Agthia Group launches $54m CVC fund


Agthia Ventures Launches Image Agthia Group

Image: Agthia Group

Agthia Group, an Abu Dhabi-based diversified food and beverage company, has launched Agthia Ventures, a corporate venture capital fund (CVC) aimed at creating co-value with start-ups in new and existing markets.

Agthia Ventures, funded by Agthia and its parent company ADQ, an Abu Dhabi-based investment and holding company, will be co-managed with Touchdown Ventures, a firm that builds and operates bespoke CVC projects for blue chip companies, having completed 100 Multiple venture investments to date.

Agthia Ventures Helps Entrepreneurs Scale Operations

Agassia Ventures A plan will be developed to help entrepreneurs in the food and related industries scale their operations and accelerate product development by leveraging the Group’s industry knowledge, diversified distribution network, technology infrastructure, research, development and marketing capabilities and established customer relationships and market adoption.

Agthia Ventures aims to leverage Touchdown’s network of startups, venture capital relationships, incubators and accelerators to source attractive early stage, seed and growth investment opportunities in relevant and targeted geographies.

The fund is stage-agnostic and will invest primarily in companies with clear product-market fit and growing revenue. Investments will focus on brands, categories and solutions within Agthia’s portfolio that are complementary and adjacent to its business model, such as snacks and beverages, value chain technology and ingredient technology.

Targeted investment interests include premium and ‘better-for-you’ snacks and beverages, functional water and hydration, alternative proteins, sustainable solutions for agriculture and packaging, e-commerce solutions for the food and beverage industry and related to Agthia’s value chain Other abilities enhanced.

Alan Smith, CEO Agassia Groupcommented: “Innovation is the lifeblood of the Agthia Group and plays a vital role in our strategic vision to be the leading food and beverage company in the MENA region and beyond by 2025. Combined with our internal R&D programme, our CVC will Enables us – Cutting-edge technology and market insights from dynamic entrepreneurs that future-proof our growth and enhance our ability to meet the changing needs of consumers across multiple geographies.

“In turn, Agthia will bring our product, market and distribution expertise to the entrepreneurs supported by the program to help them succeed.”

Touchdown President and Co-Founder Scott Lenet noted: “We believe that entrepreneurs around the world will be impressed by the Agthia team’s collaborative, supportive culture and their ability to help start-ups grow. Cooperate with the European market to take advantage of Agthia’s expertise and team have much to offer food and beverage innovators. “


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