Singaporean Plant-Based ‘Chicken’ Maker Snags $100 Million
- Temasek-Backed Next Gen Foods accelerating its U.S. expansion
- Startup is up against tough competition in faux-meat market
Next Gen Food's Tindle burger.
Source: Next Gen Foods Pte.
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Next Gen Foods Pte, a Singapore-based maker of faux chicken meat, raised $100 million to expand in the U.S., the world’s biggest market for plant-based protein foods.
Investors in the Series A round included Alpha JWC, EDBI and MPL Ventures, with existing backers Temasek Holdings Pte, GGV Capital, K3 Ventures and Bits x Bites participating. The fresh capital brings the total raised by the startup to more than $130 million and follows a seed round last year.