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Thai Union invests in Singapore and US foodtech startups

Seafood producer's venture fund focuses on alternative protein and value chain

Thai Union's venture fund focuses on three strategic areas -- alternative protein, functional nutrition and new technologies along the food value chain. (Photo by Ken Kobayashi)

HANOI -- Thailand-based seafood producer Thai Union will invest in the foodtech venture capital firm VisVires New Protein as well as three foodtech startups, from its $30 million corporate fund launched last year.

The Thai company said in a statement on Sept. 30 that the investment in Singapore-based VVNP would "deepen its network of identifying co-investment and collaborative opportunities in the global agrifood tech ecosystem".

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