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June 24, 2020

Singapore’s cell-based meats startup Shiok Meats raises bridge funding

Singapore-based foodtech startup Shiok Meats has raised US$3 million in  bridge funding ahead of its Series A round, says a TechInAsia report.

Investors are Agronomics, US-based VegInvest, UK-based Impact Venture, and UAE-headquartered Mindshift Capital Fund.

The startup will use the capital to set up its first manufacturing plant in the island state.

With this, the total funds secured so far by the company has touched US$7.6 million.

Established in 2018, Shiok is a cell-based clean meat company, arguably the first of its kind in Singapore and Southeast Asia. The firm aims to bring clean and healthy seafood and meats by harvesting from cells instead of animals.

Shiok Meats produces cell-based crustacean meats (shrimp, crab, lobster), and its meats are animal-, health- and environment-friendly.

Source

Singapore’s options trading platform Sparrow raises US$3.5M Series A led by BitMEX owner NextBillion.ai, a 6-month-old startup founded by the brains behind Grab Maps, raises US$7M Series A

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