Singapore’s Next Gen raises $10m in seed round from Temasek, others

Photo: Unsplash

Next Gen, a Singapore-based food technology startup that produces plant-based meat products, has raised a $10-million seed round from a clutch of investors including Singapore’s Temasek Holdings, K3 Ventures, EDB New Ventures, German retailer Metro AG-backed NX Food, Vietnam’s FEBE Ventures, Switzerland’s Blue Horizon.

The seed round exceeded the company’s target of $7 million as the trend to invest in the food-tech sector is supported by customers and investors globally, Next Gen co-founder and COO Andre Menezes told DealStreetAsia.

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