abillionveg, a Singapore based sustainability app, has raised US $3 million in a Pre Series-A funding round, bringing the total funding to $6 million in addition to the seed funds raised last August. It also announces today an exciting partnership with Impossible Foods to launch Impossible’s products into thousands of restaurants across Singapore.
A particularly interesting and encouraging detail of this news is that together, Impossible Foods and abillionveg will offer “training, unique collaboration opportunities, and marketing support to restaurants in Singapore”. And in addition, abillionveg has partnered with Chope, Southeast Asia’s leading restaurant bookings platform, to help people in Singapore choose plant-based options at nearly 3,000 restaurants across the country. Excellent news for plantbased consumers and the industry as a whole in Southeast Asia.
“We’re excited to welcome our new investors and work alongside Impossible Foods & Chope to accelerate our mission of helping a billion people around the world make better choices for the planet,” said Vikas Garg, Founder & CEO of abillionveg.
The new funds will be used to accelerate growth, product and hiring efforts in its Singapore office, with plans on doubling the existing team of 20 professionals across engineering, product, and growth.
Speaking in an interview with vegconomist last September, Mr Garg said that “if we want people to eat less meat because it’s more sustainable, I think it’s important to also make the connection with groups that are driving social impact in our communities around the world.”
In the United States… … ten thousand business readers, just like you, rely on our reporting for their competitive edge in information they need to know about the markets and their competitors, the industry at large and emerging trends. Tens of thousands of readers more in Europe, Asia and in a total of 150 countries read vegconomist every month, the first and only global vegan business magazine. And unlike many other business magazines, we have chosen to make our content available to everyone, whether they are a CEO or a startup-owner. But we need your ongoing support to continue and expand our work. Every contribution, big or small, counts.