Singapore start-up Subsequent Gen Meals is taking its faux-chicken Tindle logo to america after elevating what it claims is a report US$100m Sequence A spherical for a plant-based meat industry.
Subsequent Gen, co-founded in 2020 via Brazilian-born meals business veteran Andre Menezes and German local Timo Recker, whose circle of relatives industry made schnitzel and different meat merchandise for 3 generations, has been subsidized via new traders Alpha JWC, EDBI and MPL Ventures.
Singapore’s state funding fund Temasek, GGV Capital, K3 Ventures, and agriculture and food-tech undertaking fund Bits x Bites have been returning traders. Overall investment for the corporate now exceeds $130m.
Subsequent Gen mentioned the recent financing will fortify the release of Tindle into US foodservice, a plan defined remaining summer time when the corporate secured an extension to its seed budget.
The corporate mentioned Tindle shall be to be had in a variety of eating places around the East and West Coasts in one of the crucial nation’s “main foodie towns”.
Tindle is already to be had in Singapore, Hong Kong, the Netherlands and Dubai.
Menezes, Subsequent Gen’s CEO, mentioned: “There’s no query that the US is house to one of the crucial very best meals towns in the world – and we’re excited to carry Tindle to this marketplace and listen to what customers suppose.
“America has lengthy been a target audience for us and due to our line-up of incredible traders who’ve participated on this investment spherical, that is most effective the start of our adventure in turning in scrumptious and sustainable meals to opposite our local weather disaster.”
The beginning-up plans to make bigger Tindle to further main US towns in the following few months, together with Miami and Austin.
It additionally plans to make use of the cash raised to fortify its R&D features at its analysis hub, which is about to open in Singapore later this yr.
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