Temasek Holdings

Temasek Holdings is an investment company based in Singapore, founded in 1974, with a diverse portfolio valued at approximately S$242 billion. The firm invests across various sectors, including telecommunications, media and technology, financial services, transportation, consumer products, real estate, life sciences, agriculture, and energy. Temasek's investment strategy is guided by long-term trends, focusing on themes such as transforming economies, rising middle-income populations, and emerging champions. Its investment structure includes a mix of liquid assets, listed and unlisted holdings, and private equity, reflecting a commitment to being a significant shareholder in both local and international businesses. Temasek Capital Management, a subsidiary, specializes in private equity and mid-stage technology and life sciences investments, further enhancing Temasek's global investment footprint.

John Marren

Senior Managing Director

Lim Ming Pey

Associate Director

Past deals in Food Processing

COFCO

Post in 2023
COFCO is the largest supplier of diversified products and services in the agricultural products and food industry in China. It is devoted to utilizing renewable natural resources to provide healthy and nutritious food, high quality lifestyle and services, as well as contributing to improve people’s living standards, social prosperity and stability. COFCO plays a pivotal role as a bridge in the markets of edible oils and foodstuff between China and the world, and serves as the main importing and exporting channel for bulk agricultural products such as wheat, corn, rice and sugar. As an investment holding company specialized in trade and processing of oil and foodstuff as well as other businesses, COFCO continuously strives to upgrade its oil and foodstuff chains, which include those of oils and oilseeds, corn, wheat, rice, wine, tomatoes, dairy products, meat, barley, tea, chocolate and various other products. In light of China's economic growth, return on shareholders’ value and available business resources, COFCO is also involved in the development of real estate, hotels, non-grain bio-energy, packaging, finance and other industries.

InnovaFeed

Series D in 2022
InnovaFeed SAS is a biotech company based in Evry, France, that specializes in producing insect-based meal and oil primarily for the aquaculture industry. Founded in 2015, the company rears Hermetia illucens, commonly known as black soldier flies, to create innovative products such as ProtiNova, a protein source; SaniNova, a natural oil; and FertiNova, nutrient-rich insect droppings. InnovaFeed's approach integrates insect rearing into the agri-food system, focusing on nutrient recycling to provide sustainable feed for fish, birds, and small mammals. As global demand for protein rises, InnovaFeed's operations aim to contribute to a more sustainable food system while supporting the development of high-quality aquaculture practices.

Country Delight

Series D in 2022
Country Delight produces and distributes milk intended to provide good quality and unadulterated milk at doorstep. The company's application offers to order milk products and have them delivered directly from the farmer, enabling customers to get rid off the hassle of managing ones milk requirements.

UPSIDE Foods

Series C in 2022
Memphis Meats develops meat produced directly from animal cells without the need to raise and slaughter actual animals that require significantly less caloric input, water, land, and energy than conventional meat production, enabling consumers to enjoy meat products that are clean and free from harmful chemicals. Founded by Uma Valeti and Nicholas Genovese in 2015, Memphis Meats is headquartered in San Francisco, California.

Wildtype

Series B in 2022
Wild Type, Inc. is a San Francisco-based company that produces meat, poultry, and seafood through cellular agriculture, eliminating the need for raising or slaughtering animals. Founded in 2016, Wild Type offers a sustainable alternative to traditional food sources, addressing critical issues such as climate change, food security, and public health. By leveraging advanced cellular agriculture technologies, the company aims to redefine how society sources healthy and delicious meat, contributing to a more sustainable food ecosystem.

Next Gen Foods

Series A in 2022
Next Gen Foods is a food-tech startup that offers plant-based meats products. We use plants to create a delicious and satisfying meat experience that will make you forget animal meat even exists.

Global Processing Services

Private Equity Round in 2022
Global Processing Services Limited is a payments processor that manages credit, debit, and prepaid card transactions globally. Founded in 2007 and headquartered in Douglas, Isle of Man, the company provides its services primarily to fintech firms in the payment industry. Its key offering, the GPS Apex platform, is designed for secure and reliable transaction processing, allowing for seamless integration with clients, issuers, program managers, card manufacturers, and other service providers. GPS Apex supports innovation in the payments sector through its proprietary technology, helping to drive advancements in the industry.

eFishery

Series C in 2022
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Clara Foods Co.

Series C in 2021
Clara Foods Co. specializes in producing animal-free proteins and ingredients for the food and beverage industry. Founded in 2014 and based in South San Francisco, California, the company utilizes advanced fermentation techniques to create functional and nutritional proteins derived from microorganisms. This innovative approach allows Clara Foods to offer a sustainable alternative to traditional animal agriculture, focusing on products such as baking ingredients, nutritional supplements, and egg white substitutes that are free from pathogens and salmonella. Their egg white products are particularly suited for baking applications, including cakes, meringues, and macarons. Clara Foods aims to transform the food industry by providing healthier and more humane protein sources.

SaladStop!

Series B in 2021
SaladStop! is a pioneer in the healthy food movement in Singapore and aims to serve the best tasting and most nutritious salads, wraps and grain bowls. SaladStop! currently operates 23 outlets in Singapore and Manila and quickly approaching their vision of becoming the world’s leading nutrition, health and wellness company, expanding to Indonesia and Japan later this year.

Perfect Day

Series D in 2021
Perfect Day, Inc. is a company that specializes in producing animal-free dairy products, including milk, cheese, yogurt, and ice creams. Founded in 2014 and headquartered in Emeryville, California, the company utilizes yeast fermentation of plant-based sugars to create dairy proteins that are nutritionally identical to those found in cow's milk. This innovative approach allows Perfect Day to offer products that replicate the taste, texture, and nutritional benefits of traditional dairy while avoiding the environmental and ethical concerns associated with animal agriculture. The company's offerings are sustainable, vegan, and free from antibiotics, cholesterol, and lactose, catering to consumers seeking healthier and more compassionate alternatives to conventional dairy.

Growthwell Group

Series A in 2021
Growthwell Group is the only vegetarian food solutions company that helps F&B businesses and organizations to get high-quality products and excellent logistics support & customer service so that they can grow, profit and succeed with us.

Apeel Sciences

Series E in 2021
Apeel Sciences, founded in 2012 and headquartered in Santa Barbara, California, specializes in developing plant-derived solutions aimed at reducing food waste and extending the shelf life of fresh produce. The company's innovative products, such as Edipeel and Invisipeel, are designed to protect fruits and vegetables from environmental factors and pre-harvest challenges, effectively doubling their lifespan without the need for refrigeration. By utilizing advances in materials science, Apeel Sciences addresses the global food waste crisis, which amounts to approximately $2.6 trillion annually. The company's technologies not only help to minimize spoilage but also contribute to reducing water and energy consumption while preserving natural ecosystems. Apeel Sciences has gained support from a range of private investors and philanthropic partners, including prominent organizations like the Bill & Melinda Gates Foundation and the Rockefeller Foundation.

Next Gen Foods

Seed Round in 2021
Next Gen Foods is a food-tech startup that offers plant-based meats products. We use plants to create a delicious and satisfying meat experience that will make you forget animal meat even exists.

Licious

Series F in 2021
Licious is a path breaking concept in the Indian Food industry; aimed at solving the perennially existing problem of finding safe, delectable, trustworthy fresh meat in India. The company builds a world-class enterprise that's bound to upgrade the way the company procures, sells, buys, and consumes meat in India.

Bowery Farming

Series C in 2021
Bowery Farming Inc., a farming company, provides post-organic produce. The company offers baby kale, blend, lettuce, arugula, kale mix, and basil products. It sells its products through grocery stores and restaurants. The company was founded in 2014 and is based in New York, New York.

Hazel Technologies

Series C in 2021
Hazel Technologies, Inc. designs and manufactures packaging inserts to reduce the spoilage of fruits and vegetables. It offers packaging inserts called sachets that are placed in boxes of the produce by growers at the time of harvest, extending the shelf-life of produce by slowing aging in produce and preventing fungus or decay. The company also provides agricultural and horticultural consulting services. Hazel Technologies, Inc. was founded in 2015 and is based in Chicago, Illinois with an additional location in Salinas, California.

Next Gen Foods

Seed Round in 2021
Next Gen Foods is a food-tech startup that offers plant-based meats products. We use plants to create a delicious and satisfying meat experience that will make you forget animal meat even exists.

pairwise, Inc.

Series B in 2021
Pairwise, Inc. is a food and technology company focused on improving the quality of fruits and vegetables through innovative agricultural gene editing techniques. Founded in 2017 and based in San Diego, California, Pairwise collaborates with food and agriculture companies to develop new crop varieties, including leafy greens, berries, and stone fruits. The company utilizes advanced tools and traits licensed from Harvard and Massachusetts General Hospital, leveraging expertise from a team with backgrounds in agriculture, consumer packaged goods, and research. With a commitment to fostering a healthier world, Pairwise aims to introduce its first products in the coming years, contributing to advancements in food technology and sustainable agriculture.

InnovaFeed

Venture Round in 2020
InnovaFeed SAS is a biotech company based in Evry, France, that specializes in producing insect-based meal and oil primarily for the aquaculture industry. Founded in 2015, the company rears Hermetia illucens, commonly known as black soldier flies, to create innovative products such as ProtiNova, a protein source; SaniNova, a natural oil; and FertiNova, nutrient-rich insect droppings. InnovaFeed's approach integrates insect rearing into the agri-food system, focusing on nutrient recycling to provide sustainable feed for fish, birds, and small mammals. As global demand for protein rises, InnovaFeed's operations aim to contribute to a more sustainable food system while supporting the development of high-quality aquaculture practices.

Apeel Sciences

Venture Round in 2020
Apeel Sciences, founded in 2012 and headquartered in Santa Barbara, California, specializes in developing plant-derived solutions aimed at reducing food waste and extending the shelf life of fresh produce. The company's innovative products, such as Edipeel and Invisipeel, are designed to protect fruits and vegetables from environmental factors and pre-harvest challenges, effectively doubling their lifespan without the need for refrigeration. By utilizing advances in materials science, Apeel Sciences addresses the global food waste crisis, which amounts to approximately $2.6 trillion annually. The company's technologies not only help to minimize spoilage but also contribute to reducing water and energy consumption while preserving natural ecosystems. Apeel Sciences has gained support from a range of private investors and philanthropic partners, including prominent organizations like the Bill & Melinda Gates Foundation and the Rockefeller Foundation.

v2food

Series B in 2020
v2food is a plant-based meat startup that produces legume-based meat alternatives. The company v2 product is a delicious, nutritious alternative for anyone who loves the taste of meat but doesn’t want to get it from animals. It is a safe space to connect with like-minded people and create positive relationships with food that will help them feed the planet in a sustainable way. v2food was founded by Nick Hazell in 2019 and is based in Sydney, New South Wales, Australia.

Impossible Foods

Series G in 2020
Impossible Foods Inc. is a company that specializes in developing and producing plant-based substitutes for meat and dairy products, including items like burgers and cheeses. Founded in 2011 by Patrick Brown and Monte Casino, the company focuses on recreating the taste and texture of traditional animal-based foods using specific proteins and nutrients derived from greens, seeds, and grains. Impossible Foods sells its products primarily through restaurants and online in the United States. The company, originally named Maraxi, Inc., rebranded in May 2014 and is headquartered in Redwood City, California.

Unfold

Venture Round in 2020
Unfold focuses on innovating vegetable varieties that deliver optimized quality and sensory experience in the vertical farming industry. They combine leading seed genetics with the agronomic expertise to dramatically advance productivity, flavor, and other consumer preferences. It was founded in 2020 and is headquartered in Sacramento, California.

Perfect Day

Series C in 2020
Perfect Day, Inc. is a company that specializes in producing animal-free dairy products, including milk, cheese, yogurt, and ice creams. Founded in 2014 and headquartered in Emeryville, California, the company utilizes yeast fermentation of plant-based sugars to create dairy proteins that are nutritionally identical to those found in cow's milk. This innovative approach allows Perfect Day to offer products that replicate the taste, texture, and nutritional benefits of traditional dairy while avoiding the environmental and ethical concerns associated with animal agriculture. The company's offerings are sustainable, vegan, and free from antibiotics, cholesterol, and lactose, catering to consumers seeking healthier and more compassionate alternatives to conventional dairy.

Tropic Biosciences

Series B in 2020
Tropic Biosciences UK LTD is a biotechnology company focused on developing high-performing commercial varieties of tropical crops, specifically targeting the coffee and banana industries. Established in 2016 and headquartered in Norwich, United Kingdom, the company employs advanced non-GMO gene editing technologies to enhance crop performance while promoting grower wellbeing and consumer health. Through its innovative approach, Tropic Biosciences aims to improve sustainable agricultural practices and address the challenges faced by tropical crop producers.

Growthwell Group

Venture Round in 2020
Growthwell Group is the only vegetarian food solutions company that helps F&B businesses and organizations to get high-quality products and excellent logistics support & customer service so that they can grow, profit and succeed with us.

Impossible Foods

Series F in 2020
Impossible Foods Inc. is a company that specializes in developing and producing plant-based substitutes for meat and dairy products, including items like burgers and cheeses. Founded in 2011 by Patrick Brown and Monte Casino, the company focuses on recreating the taste and texture of traditional animal-based foods using specific proteins and nutrients derived from greens, seeds, and grains. Impossible Foods sells its products primarily through restaurants and online in the United States. The company, originally named Maraxi, Inc., rebranded in May 2014 and is headquartered in Redwood City, California.

UPSIDE Foods

Series B in 2020
Memphis Meats develops meat produced directly from animal cells without the need to raise and slaughter actual animals that require significantly less caloric input, water, land, and energy than conventional meat production, enabling consumers to enjoy meat products that are clean and free from harmful chemicals. Founded by Uma Valeti and Nicholas Genovese in 2015, Memphis Meats is headquartered in San Francisco, California.

Califia Farms

Series D in 2020
Califia Farms, LLC is a manufacturer of plant-based food and beverages, specializing in a diverse range of products that includes cold brew coffee, plant milks, creamers, yogurts, juices, and protein oats. Founded in 2010 and headquartered in Los Angeles, California, the company is dedicated to providing delicious and mindful nourishment sourced from California-grown fruits and nuts. Its products are available through various retail stores and online grocery platforms. Califia Farms emphasizes health and wellness by offering items that are free from artificial ingredients and carrageenan, aiming to innovate better forms of nourishment for consumers. The company's name is inspired by the Spanish legend of the warrior queen Califia, symbolizing the bountiful resources of the region.

Perfect Day

Series C in 2019
Perfect Day, Inc. is a company that specializes in producing animal-free dairy products, including milk, cheese, yogurt, and ice creams. Founded in 2014 and headquartered in Emeryville, California, the company utilizes yeast fermentation of plant-based sugars to create dairy proteins that are nutritionally identical to those found in cow's milk. This innovative approach allows Perfect Day to offer products that replicate the taste, texture, and nutritional benefits of traditional dairy while avoiding the environmental and ethical concerns associated with animal agriculture. The company's offerings are sustainable, vegan, and free from antibiotics, cholesterol, and lactose, catering to consumers seeking healthier and more compassionate alternatives to conventional dairy.

Bowery Farming

Series B in 2019
Bowery Farming Inc., a farming company, provides post-organic produce. The company offers baby kale, blend, lettuce, arugula, kale mix, and basil products. It sells its products through grocery stores and restaurants. The company was founded in 2014 and is based in New York, New York.

Impossible Foods

Series E in 2019
Impossible Foods Inc. is a company that specializes in developing and producing plant-based substitutes for meat and dairy products, including items like burgers and cheeses. Founded in 2011 by Patrick Brown and Monte Casino, the company focuses on recreating the taste and texture of traditional animal-based foods using specific proteins and nutrients derived from greens, seeds, and grains. Impossible Foods sells its products primarily through restaurants and online in the United States. The company, originally named Maraxi, Inc., rebranded in May 2014 and is headquartered in Redwood City, California.

Perfect Day

Series B in 2019
Perfect Day, Inc. is a company that specializes in producing animal-free dairy products, including milk, cheese, yogurt, and ice creams. Founded in 2014 and headquartered in Emeryville, California, the company utilizes yeast fermentation of plant-based sugars to create dairy proteins that are nutritionally identical to those found in cow's milk. This innovative approach allows Perfect Day to offer products that replicate the taste, texture, and nutritional benefits of traditional dairy while avoiding the environmental and ethical concerns associated with animal agriculture. The company's offerings are sustainable, vegan, and free from antibiotics, cholesterol, and lactose, catering to consumers seeking healthier and more compassionate alternatives to conventional dairy.

Bowery Farming

Series B in 2018
Bowery Farming Inc., a farming company, provides post-organic produce. The company offers baby kale, blend, lettuce, arugula, kale mix, and basil products. It sells its products through grocery stores and restaurants. The company was founded in 2014 and is based in New York, New York.

Impossible Foods

Convertible Note in 2018
Impossible Foods Inc. is a company that specializes in developing and producing plant-based substitutes for meat and dairy products, including items like burgers and cheeses. Founded in 2011 by Patrick Brown and Monte Casino, the company focuses on recreating the taste and texture of traditional animal-based foods using specific proteins and nutrients derived from greens, seeds, and grains. Impossible Foods sells its products primarily through restaurants and online in the United States. The company, originally named Maraxi, Inc., rebranded in May 2014 and is headquartered in Redwood City, California.

Perfect Day

Series A in 2018
Perfect Day, Inc. is a company that specializes in producing animal-free dairy products, including milk, cheese, yogurt, and ice creams. Founded in 2014 and headquartered in Emeryville, California, the company utilizes yeast fermentation of plant-based sugars to create dairy proteins that are nutritionally identical to those found in cow's milk. This innovative approach allows Perfect Day to offer products that replicate the taste, texture, and nutritional benefits of traditional dairy while avoiding the environmental and ethical concerns associated with animal agriculture. The company's offerings are sustainable, vegan, and free from antibiotics, cholesterol, and lactose, catering to consumers seeking healthier and more compassionate alternatives to conventional dairy.

Impossible Foods

Convertible Note in 2017
Impossible Foods Inc. is a company that specializes in developing and producing plant-based substitutes for meat and dairy products, including items like burgers and cheeses. Founded in 2011 by Patrick Brown and Monte Casino, the company focuses on recreating the taste and texture of traditional animal-based foods using specific proteins and nutrients derived from greens, seeds, and grains. Impossible Foods sells its products primarily through restaurants and online in the United States. The company, originally named Maraxi, Inc., rebranded in May 2014 and is headquartered in Redwood City, California.

Boortmalt

Private Equity Round in 2017
Boortmalt produces and sells barley malts for breweries and distilleries around the world as well as for micro-breweries and distilleries.

Axereal

Private Equity Round in 2017
Axéréal est un groupe agro-industriel de 4000 collaborateurs présents dans 13 pays (France, Belgique, Royaume Uni, Irlande, Ethiopie, Inde, Algérie, Bulgarie, Croatie, Hongrie, Roumanie, Serbie, Slovaquie). 350 métiers, 6 branches : Métiers du grain, Meunerie, Malterie, Négoce international, Nutrition animale et Activités spécialisées.

Modern Meadow

Series B in 2016
Modern Meadow, LLC is a biofabrication company established in 2011 and headquartered in Brooklyn, New York. The company specializes in producing animal-free leather and other cultured products, such as meat alternatives, through innovative methods that eliminate the need for animal slaughter. By utilizing living cells and fermentation-based processes, Modern Meadow develops lightweight materials that provide superior color, performance, and durability, while also promoting lab-to-brand traceability. Their approach significantly reduces the inputs of land, water, energy, and chemicals, contributing to lower greenhouse gas emissions. This focus on sustainability enables customers to maintain the quality and appearance of materials without relying on petrochemical inputs or animal-derived substances.