Good Startup founders Gautam Godhwani and Jayesh Parekh
Good Startup, a Singapore-based enterprise capital agency centered on alternative protein, has closed its newest fund. Consisting of $34 million, the brand new fund, known as Good Protein Fund I, included participation from Vinmar International founder and chairman Vijay Goradia; former head of finance and technique for Fidelity Investments Harris Komishane; and INSEAD professor of entrepreneurship Bala Vissa.
Founded in 2021, Good Startup desires to take away animals from the worldwide meals system. It additionally invests in non-food startups: for instance, companies that make alternate options to leather-based. So far, Good Startup has invested in 21 companies out of a goal of 35 startups.
Good Startup managing accomplice Gautam Godhwani advised TechCrunch that the agency invests primarily in early-stage companies, with a mean test measurement of $500,000.
Some of its present portfolio companies embody Avant Meats, which produces cultivated fish merchandise and has operations in Singapore and Hong Kong; Nowadays, a producer of plant-based “clean-label” hen; Mooji Meats, which is targeted on 3D-printing capabilities to produce plant-based and cultivated meats; Rebellyous Foods, one other plant-based hen startup that Godhwani stated achieves value parity with typical hen by way of a highly-automated manufacturing course of and is focused on the meals service sector; and VitroLabs, a lab-grown leather-based producer.
Singapore-based Good Startup raises $34M fund to invest in alternative protein companies – TechCrunch & More Latest News Update
Singapore-based Good Startup raises $34M fund to invest in alternative protein companies – TechCrunch & More Live News
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Singapore-based Good Startup raises $34M fund to invest in alternative protein companies – TechCrunch & More News Today
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