W23 Global is a corporate venture capital fund backed by five of the world's leading grocery retailers — Tesco, Ahold Delhaize, Woolworths Group, Empire, and Shoprite — investing in startups and scale-ups deploying technology to transform retail and create a more sustainable planet. It launched in 2024 as a global expansion of the original Australia-based W23 fund.
36% of their portfolio is in Cybersecurity. Average disclosed round size is $18.5M (across 11 rounds with reported amounts).
Portfolio
9
Fund Size
$125M
Top Stage
Series B
Last 12 Mo
0
Team
Alex Browne
Investor
Brad Armstrong
VC Investor
Ingrid Maes
Founder, CEO and Chief Investment Officer
Natalie Naumovski
Investing in global retail innovation
Brendon Blacker
Head of Investments
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Moment Energy | Series B | $40M | Jan 2026 |
 Harmonya | Growth | — | Jul 2025 |
 Protex AI | Series B | $36M | Jan 2025 |
| Moment Energy | Growth | $5M | Jan 2025 |
 Keychain | Series B | $10M | Jan 2025 |
| Keychain | Series B | $15M | Nov 2024 |
| Keychain | Seed | $18M | Nov 2023 |
| Harmonya | Series A | $20M | Sep 2023 |
 Sapia.ai | Series A | $17M | Nov 2022 |
| Protex AI | Unknown | $18M | Jan 2022 |
 Eucalyptus | Series B | $22.3M | Jul 2021 |
 Auror | Series C | — | Jan 2021 |
| LLongtail UX | Unknown | $2.3M | Aug 2020 |
| AAuror | Series C | — | — |
Top Co-Investors
Last updated: 27 September 2026