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§ Venture Capital · North Sydney, New South Wales, Australia
Corporate venture capital and accelerator investing in tech startups for FMCG, supply chain, and sustainability in Asia-Pacific.
Amatil X is an early-stage venture fund, a partnership between Coca-Cola Amatil and Artesian, focused on external innovation. It invests minority stakes in startups creating solutions aligned with Coca-Cola Amatil’s business priorities, including distribution optimization and sustainable packaging. The fund provides capital, linking Coca-Cola Amatil to the broader startup research and development ecosystem.
This fund was established by Coca-Cola Amatil and Artesian to directly engage with rapid global startup innovation. The core insight was leveraging external entrepreneurial talent and emerging technologies. This approach allows Coca-Cola Amatil to cultivate new capabilities, adapting efficiently to evolving market dynamics and complementing internal research efforts.
Amatil X benefits startups seeking early capital and market access, and Coca-Cola Amatil via a curated innovation pipeline. Startups operate within key Amatil markets, like Australia. Its vision is to nurture companies delivering future consumer solutions, creating a pathway for strategic integrations, ensuring its corporate parent remains agile.
Amatil X has 2 tracked investments across 2 companies. The latest tracked deal is $12.0M Series B in Yummy Corp in September 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 24, 2020 | Yummy Corp | $12.0M Series B | Harris Yang | AppWorks, Intudo Ventures, Palm Drive Capital, Quest Ventures, Sovereign's Capital, Vectr Ventures |
| Aug 1, 2020 | Wahyoo | $5.0M Series A | Intudo Ventures | Isenta Hioe, Arkblu Capital, Gratyo Universal Indonesia, Indogen Capital, Kinesys Group, Selera Kapital |