Singapore – February 17, 2022 – Cooley advised Next Gen Foods, a food-tech startup developing and commercializing innovative and sustainable plant-based food products, on its $100 million Series A funding, which is the largest Series A to date for a plant-based meat company. Lawyers Ferish Patel and Gwenlynne Lee led the Cooley team advising Next Gen Foods, which also included Chris Coulter, Aaron Pomeroy, Susan Choy, Xinwei Li, Hannah Loo, Michael Marietta, Jon Beh and Sanat Deshpande.
New international investors Alpha JWC, EDBI and MPL Ventures participated in the round, as well as existing investors Temasek, GGV Capital, K3 Ventures and Bits x Bites. The new funding supports Next Gen Foods’ acceleration to bring its flagship product, TiNDLE, to key markets around the globe, including the United States. In addition, the fundraise will support and increase Next Gen Foods’ research and development and product innovation capabilities at its new research hub set to open in Singapore later this year.
“The US has long been a target market for us, and thanks to our lineup of fantastic investors who have participated in this funding round, this is only the beginning of our journey in delivering delicious and sustainable foods to reverse our climate crisis,” Andre Menezes, CEO and co-founder of Next Gen Foods, said in a press release.
Launched in 2020 by industry veteran Menezes and Timo Recker, founder and former CEO of LikeMeat, Next Gen Foods pairs cutting-edge technology with its diversified network of specialists to create plant-based products that deliver tantalizing taste experiences. The company is headquartered in Singapore, and backed by a team with a proven track record in plant-based food technology, as well as global brand development and scaling up distribution.
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