Kuwait-based logistics provider Agility has made an announcement of having invested $35 million in Queen’s Gambit Growth Capital with a focus on catering sustainable solutions in healthcare, technology, clean energy, mobility, finance, and industrials.
With the investment, Agility is working on its commitment towards the environment, improved governance, and sustainability.
Queen’s Gambit Growth Capital is a blank-check company hinged by an all-female board that has the ability to tap into differentiated work, according to Tarek Sultan, the vice-chairman of Agility. There is a chance to drive value in the process and take a more inclusive approach of market opportunities, Sultan added.
Notably, Queen’s Gambit is led by the Founding Partner of Colle Capital, CEO Victoria Grace. Agility has well-established ties with Colle Capital with multiple investments in companies together.
The logistics giant will bring various opportunities to cater a team of 60000 business customers, strategic partnerships, and experience of Ventures Team, as per Sultan.
Recently, Agility has been added go the FTSE4Good Index Series, known to identify business organizations with strong environmental, social, and governance (ESG) practices.