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Chinese agri-food venture capital firm closes $100m fund

Temasek-backed Bits x Bites to seek investment across food supply chain

Bits x Bites mainly focuses on agriculture-related startups at pre-A Series to B funding stages and screens nearly 1,200 companies annually.

HONG KONG -- Shanghai-based agri-food venture capital firm Bits x Bites has closed its second funding round, hitting $100 million and topping its target of $70 million.

Bits x Bites, which counts Singapore's Temasek among its investors, closed its first round at $30 million in November 2020.

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