Israel and Singapore-based Trendlines Group has secured up to $22 million in conditional capital for its newly launched Singapore-based Trendlines Agrifood Pte Ltd (Fund). The fund will be managed by Trendlines via its wholly-owned subsidiary, Trendlines Agrifood Innovation Centre Pte Ltd.
As a vehicle born of an investor and innovation commercialization company, this fund will invest in innovative agtech startups in Singapore, as well as in foreign agrifood companies, serving as the foundation of Trendlines’ Asia-Pacific headquarters in Singapore.
Announced in December 2018, the Trendlines Agrifood Innovation Centre is being established to leverage technological and scientific expertise in Singapore and the surrounding region alongside Trendlines’ experience in investing in and building out companies that accelerate technological development. The center will operate on dual tracks: first, to create new, innovation-based agrifood tech companies in Singapore, and second, to invest in foreign agrifood companies establishing their Asia-Pacific headquarters in Singapore.