18 December 2018
Trendlines plans to raise a $40 million venture fund to support the new investment activity and will act as the new fund’s general partner.
The new Trendlines’ agrifood tech center aims to utilize technological and scientific knowledge in Singapore and the region, leveraging Trendlines’ experience and know-how in investing in and building companies to accelerate technology development and investment in Southeast Asia’s agrifood supply chain. The center will operate on two parallel tracks: (1) creating new, innovation-based agrifood tech companies in Singapore; and (2) investing in foreign agrifood companies establishing their Asia-Pacific (APAC) headquarters in Singapore, the APAC gateway, with Trendlines’ support.
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