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Singapore’s Next Gen Raises $10M Seed Round for Plant-Based Chicken

by Jennifer Marston
February 24, 2021February 24, 2021Filed under:
  • Alternative Protein
  • Business of Food
  • Delivery & Commerce
  • Featured
  • Foodtech
  • Funding
  • Future Food
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Next Gen, a Singapore-headquartered food tech company, announced today it has raised $10 million in seed funding. The round was led by Temasek, K3 Ventures, the New Ventures arm of the Singapore Economic Development Board, and NX Food. Funding follows an earlier $2 million investment from Next Gen’s founder, according to a press release sent to The Spoon.

The company will use the funds to launch Next Gen’s plant-based products brand, TiNDLE, to consumers in Singapore in March 2021. To start, the product line, which will debut with a chicken item, will be available in select restaurants. Other Asian cities will follow. Funding will also go towards further research and development around future plant-based products. 

TiNDLE chicken is made with soy protein, wheat gluten, wheat starch, as well as sunflower and coconut oils. On its website, the company says each each serving contains 17 grams of protein. The first application of the product will be TiNDLE Thy, a plant-based take on chicken thighs the company says can be used in a variety of dishes and cuisine types.

The forthcoming launch is arriving at a time when global demand for alternative protein is higher than it’s ever been before. The plant-based protein segment is expected to reach $85 billion by 2030, according to UBS. Asia is an important market in this growth, and one that is catching up to growth in the U.S. Demand in Asia for plant-based products is expected to jump to over 200 percent within the next five years.  

There is also a growing number of companies bringing products to market in the APAC region now. Some of those companies, like Green Monday in Hong Kong and HERO in China, as well as U.S.-based brands that have recently moved in, notably Impossible and Eat Just. Also, Beyond Meat is building two production facilities in Asia, both in China.

For its part, Next Gen is now looking towards a Series A funding round as well as diversifying its product portfolio and expanding into Europe and the U.S. The company said today it is already “laying the groundwork” for the latter. 


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Next Gen Foods Raises $20M, Will Bring its Plant-Based Chicken in the U.S.

Next Gen Foods, which makes a plant-based chicken brand TiNDLE, announced yesterday that it has raised a $20 million extension of its seed round. This extension includes new investors such as Global Fund GGV Capital, Bits x Bites, Yeo Hiap Seng, as well as existing investors Temasek and K3 Ventures.…

TiNDLE Plant-Based Chicken is Coming to the US Soon. But How Does It Taste?

Next Gen Foods of Singapore launched its flagship plant-based chicken product, TiNDLE, just 11 months after its founding in April 2020. Three months later, the company began its international expansion—bringing TiNDLE to over 130 restaurants worldwide, from Hong Kong to the U.A.E.Now, Next Gen is introducing TiNDLE in the U.S.…

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