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Singaporean-based Next Gen Foods acquired $100 million and branched out in the U.S

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Next Gen Foods, a Singaporean plant-based meat Company, acquired $100 million in the Series A funding round, hitting a total of $130 million funding. The list of investors includes Alpha JWC, EDBI and MPL Ventures, Temasek, GGV Capital, K3 Ventures, and Bits x Bites. With the generated funds, the company plans to expand its reach towards the US and invest in research and development R&D to produce sustainable food. Next Gen’s Tindle, a healthier plant-based chicken alternative, is already available at 12 U.S restaurants and it is acknowledged by consumers in Singapore, Amsterdam Hong Kong, the United Arab Emirates Macau, Kuala Lumpur, Macau, and Hong Kong.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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