15 January 2019
In December 2018, we announced our intention to launch a Singapore-based innovation center focused on developing agrifood technologies and our plans to raise a $40 million venture fund to support the new investment activity.
Trendlines among seven selected co-investors
Our new Singapore fund has been appointed one of the partners under the Startup SG Equity scheme, which is administered by SEEDS Capital. In September 2018, SEEDS Capital issued a call for proposals for potential partners to co-invest in the agrifood tech field. Read the full announcement (PDF).
Together, the new Trendlines fund and SEEDS Capital intend to invest in agrifood technology companies. Trendlines looks forward to co-investing with SEEDS Capital and considers the pipeline of deals that will originate from Trendlines’ new agrifood innovation center as a rich source of deal flow for investment.
This collaboration leverages Trendlines’ experience and proven track record in identifying, incubating, and grooming agrifood technology companies while working closely with SEEDS Capital to provide growth capital and support to assist young, high-potential start-ups.
Trendlines Chairman and CEO Steve Rhodes
FruitSpec raises $5 million
FruitSpec’s Yield Management Platform provides digital visibility of fruit yield data to entire supply-chain production units
Phytolon secures $4.1 million in funding
Funding for fermentation-based technology for the production of food colors