Alpha JWC Ventures, EDBI, and MPL Ventures have invested $100 million in Singapore’s Next Gen Foods to back the company’s R&D capabilities in Singapore. This startup, working in the plant-based meat industry, has its customer base in Singapore, Macau, and Hong Kong. The firm plans to expand its business further in North America, starting with the USA.
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This article has been summarised for quick read. The original article can be read on Tech in Asia.