Singapore-based Good Startup raises $34M fund to spend money on different protein corporations

Good Startup founders Gautam Godhwani and Jayesh Parekh

Good Startup founders Gautam Godhwani and Jayesh Parekh

Good Startup, a Singapore-based enterprise capital agency targeted on different protein, has closed its newest fund. Consisting of $34 million, the brand new fund, known as Good Protein Fund I, included participation from Vinmar Worldwide founder and chairman Vijay Goradia; former head of finance and technique for Constancy Investments Harris Komishane; and INSEAD professor of entrepreneurship Bala Vissa. 

Based in 2021, Good Startup desires to take away animals from the worldwide meals system. It additionally invests in non-food startups: For instance, corporations that make options to leather-based. To date, Good Startup has invested in 21 corporations out of a goal of 35 startups. 

Good Startup managing associate Gautam Godhwani informed TechCrunch that the agency invests primarily in early-stage corporations, with a median verify measurement of $500,000. 

A few of its present portfolio corporations embrace Avant Meats, which produces cultivated fish merchandise and has operations in Singapore and Hong Kong; Nowadays, a producer of plant-based “clean-label” rooster; Mooji Meats, which is concentrated on 3D-printing capabilities to provide plant-based and cultivated meats; Rebellyous Foods, one other plant-based rooster startup that Godhwani stated achieves value parity with typical rooster via a extremely automated manufacturing course of and is focused on the meals service sector; and VitroLabs, a lab-grown leather-based producer. 

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