People Digest: New board members at Next Gen; Thai insurtech Sunday appoints CFO

Next Gen Foods has appointed two new board members while Thai insurtech Sunday has announced Ryuji Wolf as chief financial officer and a member of its executive leadership team. 

New board members at Next Gen Foods

Alternative chicken maker Next Gen Foods has appointed two new board members: Jenny Lee, managing partner at GGV Capital, and Mathys Boeren, CEO of the Asia Sustainable Foods Platform at Temasek Holdings. 

As managing partner at GGV Capital, Lee has been instrumental in guiding early-stage companies to their IPO listing, with 18 unicorns under her belt. She is known for her startup innovation experience in edtech, fintech, robotics/AI, EV, Web3 – as well as for playing a key role within GGV, especially in food tech and alternative proteins.  

As CEO of Asia Sustainable Foods Platform, Boeren oversees the development of new products and commercial scale-up for startups in the food-tech industry. He is also responsible for both current and future joint ventures and partnerships.  

Prior to joining the platform, Boeren worked in the food and food ingredients industry for over 25 years, which included leadership positions at Kerry, Symrise, Givaudan and Unilever.

Founded in 2020, Next Gen is engaged in developing and commercialising innovative and sustainable plant-based food products, including its flagship product TiNDLE.

In February 2022, the company announced a $100-million Series A round, the largest financing at that stage for a plant-based meat company. New international investors who participated in the funding round included UK-based MPL Ventures, Alpha JWC and Singapore’s global investment fund EDBI. Temasek’s Asia Sustainable Food Platform, GGV Capital, K3 Ventures and Bits x Bites also joined the round.

Thai insurtech Sunday appoints CFO

Thai insurtech Sunday has appointed Ryuji Wolf as chief financial officer and a member of its executive leadership team.

Ryuji spent over a decade working in international markets such as New York, Hong Kong and Tokyo as an investment banker in the technology, media and telecommunications sectors.

Ryuji joins from JP Morgan, where he served as executive director and led the consumer internet and media investment banking for Asia-Pacific.

“Sunday’s vision is to be a leading digital-native insurer in ASEAN that makes insurance more friendly. As the global insurance landscape and consumer behaviour continue to shift, we want to build an insurer that adapts more rapidly using data and technology,” said Cindy Kua, chief executive officer and co-founder of Sunday.

Last year, the SE Asian full-stack insurtech startup raised $45 million in a Series B round from a group of investors to expand its retail product. New and existing investors joined the round, including Tencent HoldingsSCB 10XVertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures, and Z Venture Capital, KSK Ventures.

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