Agthia Group launches VC fund

Abu Dhabi-based food and beverage company Agthia Group has formed a corporate venture capital fund designed to bolster its innovation capabilities.

Agthia Ventures will be funded by Agthia and its parent company, sovereign wealth fund ADQ.

It will be managed in partnership with Touchdown Ventures, a US-based corporate VC firm that works with corporations to invest in early growth-stage companies and startups.

According to a statement, the new fund will be “stage-agnostic” and will invest primarily in “companies with clear product-market fit that are demonstrating revenue growth”.

Target investment interests include snacks and beverages, alternative proteins, sustainable farming products and e-commerce platforms.

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