Agthia launches $54 million corporate venture capital fund

Abu Dhabi: Food and beverage company Agthia Group has launched Agthia Ventures, a corporate venture capital fund, the company said on Wednesday.

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.

Agthia Ventures will build on Agthia’s four decades of experience, creating a programme to help the best and brightest entrepreneurs in food and related industries scale their operations and accelerate their product development and market adoption.

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