Good Startup, a Singapore-based enterprise capital agency centered on various protein, has closed its newest fund. Consisting of $34 million, the brand new fund, referred to 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 needs to take away animals from the worldwide meals system. It additionally invests in non-food startups: For instance, corporations that make alternate options to leather-based. Thus far, 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 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 supply plant-based and cultivated meats; Rebellyous Foods, one other plant-based hen startup that Godhwani stated achieves value parity with standard hen by way of a extremely automated manufacturing course of and is focused on the meals service sector; and VitroLabs, a lab-grown leather-based producer.