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New Deal


Announced

Completed

A consortium of investors led a $100m Series A funding round in Next Gen Foods.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Food Products

Completed

food products

Venture Capital

Cross Border

Minority

Singapore

Private

Acquisition

Friendly

Private Equity

Synopsis

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Alpha JWC, EDBI, MPL Ventures, Temasek, GGV Capital, K3 Ventures and Bits x Bites led a $100m Series A funding round in Next Gen Foods, a producer of plant-based foods intended to create a plant-based diet that is rich in nutrition. "Within a year, we've gone from launch to more than 200 restaurants on three continents. We will continue this relentless momentum in 2022 thanks to strong demand from chefs, distributors and consumers, who love TiNDLE for its great taste and tiny environmental footprint. We are grateful to have mission aligned and long-term global investors supporting us during such a critical phase for the company – bringing their expertise and visionary leadership," Rohit Bhattacharya, Next Gen Foods CFO.

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