Plant-based food startup Next Gen lands $10M seed round from investors including Temasek
Singapore is quickly turning into a hub for food-tech startups, partly because of government initiatives supporting the development of meat alternatives. One of the newest entrants is Next Gen, which will launch its plant-based “chicken” brand, called TiNDLE, in Singaporean restaurants next month. The company announced today that it has raised $10 million in seed funding from investors including Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon.
Next Gen claims this is the largest seed round ever raised by a plant-based food tech company, based on data from PitchBook. This is the first time the startup has taken external investment, and the funding exceeded its original target of $7 million. Next Gen was launched last October by Timo Recker and Andre Menezes, with $2.2 million of founder capital.
The Straits Times
They put in place measures to welcome more people as S'pore enters phase three
Visitors queueing up to enter the Cloud Forest Observatory at Gardens by the Bay, on Dec 6, 2020.ST PHOTO: KEVIN LIM
PublishedDec 28, 2020, 5:00 am SGT
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Attractions, eateries gear up for bigger crowd as Singapore enters phase 3 of reopening inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
The Straits Times
Attractions, eateries gear up for bigger crowd as S'pore enters phase 3 from Monday Visitors to Sentosa's beaches, dining establishments and other attractions can make reservations for groups of up to eight starting on Monday.PHOTO: ST FILE
PublishedDec 27, 2020, 10:55 pm SGT
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