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DealStreetAsia

Singapore alternative meat startup raises $100m in Series A round

Next Gen Foods looks to expand into China and Brazil after U.S. push

Next Gen Foods will use a portion of the new funds to speed distribution of its alternative meat product in the U.S. (Photo courtesy of the company)

SINGAPORE -- Alternative meat maker Next Gen Foods has raised $100 million in a Series A round from Indonesia-based venture capital firm Alpha JWC Ventures and others.

New investors include EDBI, the investment arm of Singapore's Economic Development Board, and U.K.-based MPL Ventures, a venture firm owned by Paul McCartney that typically invests in music companies.

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