Singaporean alt-protein company Growthwell Foods is to open an Innovation and R&D Manufacturing Centre, which it claims will be the country’s first fully automated large-scale production facility for plant-based products.
Growthwell Group
Growthwell Foods Raises $22M, Looks to Accelerate Asian Alt Seafood and Chicken Segments
After recently announcing its strategic partnership with Indoguna, alt meat and seafood producer Growthwell Foods has now raised $22 million in a Series A funding round. At almost 3x of what was raised during its seed round of 2019, Singapore’s Growthwell is ramping up its production and distribution capacity as it looks to accelerate its business expansion. “We believe our current series A fund raising round is one of the largest in the Southeast Asia food tech space and we will continue to trail blaze plant nutrition in Asia” The $22 million Series A funding will be used to grow product development efforts within the region and fund Growthwell’s vision to become Asia’s leading plant nutrition food tech company. The company has the vision of …
Growthwell Group Raises US$8 Million as Singapore Continues at Forefront of Plant-Based Innovation
Singapore-based Growthwell Group is a leading manufacturer of plant-based alternatives for meat and seafood for the South East Asian market. The group announces US$8 million in a funding round led by Singaporean holding company Temasek, to accelerate its growth into alternative proteins and future food solutions.