Trendlines $40 million agtech fund featured in Globes
Editor’s note: This article also appeared in Globes in Hebrew.
Trendlines, Tchenguiz set up $40m agritech fund
By Gali Weinreb, Globes (24 September 2019)
Fund CEO: There is no doubt that we share the same outlook and values about the global ecological situation.
Israeli company Trendlines, which is listed on the Singapore Exchange, has announced the founding of a fund for investing in Israeli agritech. The fund will be established by Trendlines together with UK billionaire Vincent Tchenguiz’s CBG investment fund, and in partnership with major Singapore investment fund Temasek, in Singapore with local government support.
Trendlines announced today the closing of the fund’s first investment of $22 million, which is expected to rise to $40-60 million later. Before today’s report, Trendlines was traded on the Singapore exchange at a $40 million (S$55 million) market cap.