W23
Overview
W23 is a global venture capital fund specializing in the grocery retail sector. It invests in startups and scale-ups that leverage technology to revolutionize retail and address sustainability challenges. It primarily targets companies in the retail-tech, climate-tech, and digital health sectors seeking to accelerate their growth. It is backed by five leading grocery retailers operating across the US, Canada, UK, Europe, Australia, New Zealand, Indonesia and Africa.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Sonder | Mar 2025 | VC Round | - |
| Protex AI | Jan 2025 | Series B | Co-investor |
| All G | Aug 2022 | Series A | Co-investor |
| Gr4vy | Jun 2023 | Strategic | Lead |
| Marketplacer | Apr 2021 | VC Round | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is W23 based?
W23 is headquartered in Baulkham Hills, New South Wales, Australia.
When was W23 founded?
W23 was founded in 2019.
How many portfolio companies does W23 have?
W23 has 15 portfolio companies in Caplight's dataset.
What are some companies in W23's portfolio?
Portfolio companies visible on Caplight include Sonder, Protex AI, All G, Gr4vy, Marketplacer.
What was W23's most recent investment shown here?
W23's most recent investment in this portfolio sample was in Sonder in 2025.
What sectors does W23 focus on?
W23 focuses on Healthcare & Life Sciences, Mobility, Transportation & Logistics, Healthcare & Life Sciences, Energy & Sustainability, Consumer & Commerce, Enterprise Software, Enterprise Software, Healthcare & Life Sciences, Consumer & Commerce, FinTech, Enterprise Software, Energy & Sustainability, Healthcare & Life Sciences, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Energy & Sustainability, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Cybersecurity, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Consumer & Commerce, Consumer & Commerce.
What company stages does W23 focus on?
W23 typically invests at the MultiStage stage.
What is W23's AUM?
W23's assets under management are estimated between $100.0M and $250.0M.