Singapore-based alternative protein startup Next Gen Foods gets $100M Series A for U.S. growth
https://techcrunch.com/2022/02/15/singapore-based-alternative-protein-startup-next-gen-foods-gets-100m-series-a-for-u-s-growth/
Alternative protein startups have attracted a lot of investor attention over the past couple of years and the trend looks set to continue. The latest startup with funding news is Next Gen Foods, the creator of plant-based chicken alternative TiNDLE. The company announced today it has raised a $100 million Series A that will be used to expand quickly in the United States and on its Singapore research and development center, which is currently under construction.
Next Gen Foods says this is the largest Series A ever raised by a plant-based meat company, based on data from Pitchbook. TechCrunch first covered Next Gen Foods when it raised a $10 million seed round in February 2021, and then a $20 million extension just five months later.