Agility has invested $35 million in Queen’s Gambit Growth Capital, a blank-check company that will target businesses offering sustainable solutions in clean energy, healthcare, financial technology, industrials, mobility and emerging technology.
In a statement, the logistics powerhouse explained that the Queen’s Gambit’s all-female management team is led by CEO Victoria Grace, a New York-based venture capitalist, and supported by an all-female Board with strategic networks and diverse industry experience.
“Agility’s investment in Queen’s Gambit reflects our commitment to sustainability and our belief that innovative technology can yield both social and economic returns,” Tarek Sultan, Vice-Chairman, Agility said. “This is not a new position for us. We’ve been investing in stakeholder capitalism for more than a decade.”
Sultan added that Queen’s Gambit’s female-led management team “has the potential to tap into a differentiated network and perspective that positions it to execute a business combination with an attractive target.
“This is a chance to take a more inclusive view of opportunities in the market, and drive value in the process.”
