24 September 2019
We received conditional commitments of up to $22 million for its new Singapore-based venture fund, Trendlines Agrifood Pte. Ltd. The Fund will invest in new, innovation-based, agrifood tech companies in Singapore and in foreign agrifood companies, establishing its Asia-Pacific (APAC) headquarters in Singapore.
The conditional investment commitments were made by Temasek, an investment company headquartered in Singapore, Librae Holdings, an entity related to Vincent Tchenguiz, and an additional Southeast Asian investor. Trendlines, via its wholly owned subsidiary, Trendlines Agrifood Innovation Centre Pte. Ltd., will act as the Fund’s manager.
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