Singapore's Better bite Ventures Announces Program Which Invests In APAC Entrepreneurs
By: Asia Business Outlook Team | Wednesday, 26 April 2023
Better Bite Ventures, based in Singapore, has announced the first four deals in its First Bite programme, which invests in alternative protein entrepreneurs in the Asia Pacific area.
Singapore is the source of two of its new investments. Allium Bio intends to process mycelium and microalgae to produce sustainable components, whilst Cultivaer (which is still in stealth mode) intends to speed the scalability of fermentation-based alternative proteins.
Klevermeat, an Indian company that makes cell-based seafood, and EatKinda, located in New Zealand, make ice cream out of cosmetically defective cauliflower that would otherwise go to trash.
The First Bite programme, which debuted several months ago and is still accepting applications until May 19, invests $50,000 in each alternative protein firm.
Better Bite Ventures, founded in 2021 by Michal Klar and Simon Newstead, has raised $15 million and invested in 20 early-stage companies in the alternative protein market.