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Growthwell Group raises US$8 m for scale-up of plant-based alternatives

Growthwell, a leading manufacturer of plant-based alternatives for meat and seafood for the South East Asian market, announced that it has raised US$8 million in a funding round led by Temasek, with other investors DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify and Mr Koh Boon Hwee participating. The proceeds from this funding round will accelerate Growthwell’s growth into alternative proteins and future food solutions, taking its vision of sustainable plant-based choices to a global stage.

Growthwell’s growth plans include the setup of an end-to-end technology centre in Singapore focusing on R&D and manufacturing. Growthwell’s vision is to be Asia’s leading plant nutrition food tech company, with an aim to care for 100 million lives with sustainable and nutritious plant-based choices while reducing the world’s overall meat consumption.

Read more at MediaOutReach

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