Sodexo, world leader in Quality of Life services, announced today the launch of Sodexo Ventures, a 50 million euro venture capital fund, whose investments will combine agility and creativity with the Group’s investment capacity, skills and expertise in sectors as varied as Food-Tech, health and wellness, data, mobility and smart buildings.

Sodexo Ventures will invest in start-ups with high growth potential in line with Sodexo’s current or future activities. This investment strategy will allow Sodexo to closely monitor, anticipate and respond to evolutions in its rapidly moving sectors and markets.

Technology is evolving and opening up new ways of communicating and created new channels of interaction and transaction for consumers. In addition, customer habits are also changing: consumers demand more time optimization, convenience and personalization. Evolving consumer needs, new and disruptive technologies and the changing nature of services are creating a new competitive landscape.

For Sodexo, it is a key opportunity to provide new and better services and enhanced experiences to the people we serve. Sodexo has already begun this journey, notably in the food environment, with the development of direct-to-consumer applications and online portals proposing menus, nutritional information, card recharging, waiting times and pre-ordering features. With Sodexo Ventures, the Group, building on its existing assets, will accelerate its ambitious strategy to enhance existing services as well as imagine the services of tomorrow.

 

Source: Sodexo launches strategic venture capital fund, dedicated to accompanying innovative start-ups Paris Stock Exchange:SW