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Other participants included new investors DG Daiwa Ventures and Sagana Capital, and returning backers East Ventures (Growth), HealthXCapital, SeedPlus, Trihill Capital and Alternate Ventures. Homage currently operates in Singapore, Malaysia and Australia. Homage’s Gillian Tee on how technology can serve the world’s aging population.
Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). While there are plenty of other companies working on lab-grown meats using various techniques, Eat Just describes the Singapore government’s review and regulatory approval as a “world first.”
Propseller , a Singapore-based real estate agency that combines a tech platform with in-house agents to close transactions more quickly, announced today it has raised $1.2 million in seed funding. Propseller’s last funding announcement was in December 2018, when it raised SGD $1 million (about $737,000) in seed funding.
Alternative protein startups have attracted a lot of investor attention over the past couple of years and the trend looks set to continue. The latest startup with funding news is Next Gen Foods , the creator of plant-based chicken alternative TiNDLE. The new capital will be used to fuel TiNDLE’s distribution in all 50 states.
Good Meat announced today it has received regulatory approval from the Singapore Food Agency to use serum-free media for the production of its cultivated meat. Its lab-grown chicken is currently available in Singapore, where Eat Just gained regulatory approval to sell its lab-grown chicken meat in 2020.
New partnerships with global chains like McDonald’s in Hong Kong, the launch of test kitchens in Israel and new financing rounds for startups in Sydney and Singapore point to abounding opportunities in international markets for meat alternatives.
But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Instead, it often means they don’t have traditional bank accounts or credit cards.
As consumers’ interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investment globally, increasing 92% from 2020. The new round of funding, which brings its total raised to $14.1
The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth Venture Capital and angel investor Alice Foo. The new funding will be used for AlterPacks’ commercialization, including production and supply, in markets like Asia, Australia and Europe.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Eventually, it has its eyes on space, deploying its wireless fiber optics from orbit. and anywhere on earth.”
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. ZEBOX CEO Gwen Salley told TechCrunch that along with access to mentoring, experts, business opportunities and funding, its incubator program gives startups opportunities to test their solutions and work with large corporations.
The promise of alternative meat products has been under scrutiny lately, with articles in Bloomberg and the Washington Post questioning if it’ll ever be truly embraced by consumers. million seed funding in August 2021. Fox explained that Meati and MyForest Foods ferment mycelium to make their meat alternative products. “We
Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.
Mycel , a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Mycel is also competing in the alternative protein space with fungi-based food developers like Mycorena and Quorn. billion by 2026.
Singapore-based mobile marketplace Carousell wants more users in Southeast Asia to start buying and selling items through their mobile phones on its platform — and it has linked up with Japanese e-commerce giant Rakuten to do so. There was no such alternative. Apps Asia Entrepreneur e-commerce Japan News Singapore Southeast Asia'
Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. Ultimately, Homebase’s goal is to enter other Southeast Asian markets where home owners also face a dearth of financing options, like Singapore, Thailand and Indonesia.
The agreement includes building Eat Just’s first factory in Asia, which will be based in Singapore. Once completed, the Singapore facility will “generate thousands of metric tons of protein,” said Eat Just’s announcement. Alternative protein companies have raised a whopping $1.5
“It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.
In Deloitte’s 2019 report , the firm reveals that AI is transforming the financial ecosystem to reduce costs and make operations more efficient by providing automated insights and alternative data, analysis and risk management. The latest funding, which brings Akros’s total amount raised to $6.1 Akros just raised $2.3
Sengupta said Wednesday his startup, rebranded as Arta Finance, will work to provide individuals access to alternative assets that have so far largely been limited to the ultrawealthy. On Arta, customers will gain access to investment opportunities in alternative assets including private equity, venture capital, private debt and real-estate.
Singapore-based Next Gen Foods will bring its plant-based chicken alternative to the United States after raising a $20 million seed extension. The first $10 million was already the largest seed funding ever raised by a plant-based food tech company, based on data from Pitchbook, and now the round totals $30 million.
The company just added $250 million in Series E funding, giving it a valuation of $2 billion, to speed up the availability of its longer-lasting produce in the U.S. With the new funding, Apeel has now raised over $635 million since the company was founded in 2012. where approximately 40% of food is wasted ), the U.K. and Europe.
Singapore is quickly turning into a hub for food-tech startups , partly because of government initiatives supporting the development of meat alternatives. This is the first time the startup has taken external investment, and the funding exceeded its original target of $7 million. million of founder capital.
Berkeley-based cultured meat company New Age Meats announced Monday it raised $25 million in Series A funding that will enable the company to begin production of its first product offering, a variety of pork sausages, next year. Brian Spears speaking at Hello Tomorrow Singapore. Image Credits: New Age Meats.
Jack & annie’s , a sustainable, animal meat alternative brand made from jackfruit, announced Tuesday $23 million in Series B funding. Last year, Singapore-based Karana raised $1.7 Upton’s Naturals produces meat alternatives using the fruit, as does The Very Good Butchers and Native Forest.
Synthesis Capital , the one-year-old London-based food technology and alternative protein investor, closed its first fund with over $300 million in capital commitments. In addition, having that government backing from early adopter countries, like Singapore and the Middle East, is also helping to advance some of that, she added.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. He is currently CEO of Bubbly , a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO.
Gourmey is part of a group of startups that want to create meat alternatives and turn them into mass-market products. Startups making meat alternatives are gaining traction worldwide. Eat Just started selling lab-grown meat in Singapore but it could take several years before you see cultivated meat in Europe for instance.
Paxos has raised a $300 million Series D funding round led by Oak HC/FT. With today’s funding the round, the company is now valued at $2.4 Investors in today’s funding round include Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures and WestCap.
The Singapore-based cybersecurity startup announced today it has raised $6 million in seed funding from Sequoia Capital Southeast Asia, which it will use on R&D engineering and its go-to-market plans. Ramachandran said SquareX is intended as a alternative to VPN, anti-virus, anti-malware and other endpoint security solutions.
When launching Listly in 2011, co-founder Shyam Subramanyan says that “listly.com” wasn’t available, but they were okay with choosing an alternative. Why pick “joingrouper.com” rather than an alternative? “It million in seed funding. “We Opting for the often used “.ly” ly” extension, they ended up with List.ly. “We
The amount of funding was undisclosed. For the 75% unbanked and underbanked adults, their data resides in alternative financial data sources.” To tap into that market, Brick is building APIs for alternative financial data sources, like mobile wallets, telcos, utility providers, e-commerce platforms, social security and tax offices.
The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). Costamagna, in a statement, said the funding will help Gozem increase the figure to over 200,000 before 2025.
Singapore is poised to become Asia’s Silicon Valley. After returning to Indonesia, Astandu and Kamtawijoyo began working on a more accurate and accessible alternative to traditional surveys, developing Populix while part of Gojek’s Xcelerate program. Market research platform Milieu Insight raises $2.4
billion for its fourth crypto fund, more than doubling the size of its last fund. billion web3 fund. A16z didn’t let too many details fly on their exact plans for this fund, but they did interestingly detail that they’re planning to devote at least $1.5 billion of the fund to seed deals.
There’s no stopping innovation, however, and alternative sources of protein are increasingly becoming a choice people would rather make. Currently, alternative protein makes up just about 2% of the animal protein market, but it is expected to increase more than 7x by 2025. “We Cell-cultured meat is one such source.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. 401(k) provider Human Interest , which recently increased total funding to $500 million, including an investment from BlackRock, has 23 open roles, including in engineering, product and revenue.
With so much of the startup news cycle focused on unprecedented funding round sizes and record amounts of time bootstrapping , we don’t often step back from the numbers to have a hard think about innovation. Energy storage : Li-Ion to alternative chemistries. But today, that’s precisely what we are going to do.
Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million. The founding team is deeply rooted in the Japanese gaming industry but picked Singapore as the firm’s other home because Japan “has regulatory issues regarding crypto assets,” the executive says.
An emergency room doctor initially told him that there was no chance of survival, but then another doctor called one of his peers in the United States, and they came up with an alternative treatment plan that worked. Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.
There’s no other alternative to get there. But the funding round fell short of the $400–500 million that TechCrunch reported the company was pursuing last October. It also built a pop-up vertiport in Singapore for a tech conference late last year. Petersburg.”.
A true comparison : Now people in Europe can know the joy and wonder that is the Klarna price comparison tool, which Paul writes may just be a “credible alternative to Google and Amazon.”. million in Series A funding, not to do this with ksqlDB, Java-based solutions or any of those fancy schmancy SQL-based analytics solutions.
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds.
Hubilo’s clients have included the United Nations, Roche, Fortune, GITEX, IPI Singapore, Tech In Asia, Infocomm Asia and Clarion Events. With about 30 employees and reserves for only three months, Jain said the company had to choose between shutting down or finding an alternative model.
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