Trendlines receives conditional commitments of up to $22 million

Editor’s note: News of this announcement appeared in the Business Times, Calcalist, and DealStreet Asia.

Trendlines receives conditional commitments of up to $22 million from Librae Holdings, Temasek, and others to drive expansion strategy

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.

See our full announcement (PDF).

The $40 million fund, Trendlines Agrifood, appeared in Globes (English and Hebrew): “Trendlines, Tchenguiz set up $40m agritech fund,” by Gali Weinreb