Seviora Capital, the Singapore-based investment manager, has launched a Future of Food and Farming (T3F) strategy.
Seviora has raised $173m for the strategy since August last year, including seed capital from Seviora and Temasek, an investment from cornerstone investor Norinchukin Bank and investments from other institutional investors. Seviora intends to raise more capital from other investors.
The T3F strategy invests in high-growth agri-food companies in the region that provide sustainable solutions and technologies.
Seviora will build a portfolio of investments from opportunities identified by Temasek, taking advantage of the government-backed Singaporean investment company’s network, knowledge and sourcing capabilities in the agri-food sector.
Last month, the T3F strategy made a $17m investment in Country Delight, an online food essentials delivery company in India.
“The Seviora T3F strategy is a unique investment avenue to gain exposure and benefit from the transformation and high-growth in the agri-Food sector in the Apac region,” said Jimmy Phoon, CEO at Seviora and Seviora Capital.
“Seviora is excited to jointly invest with Temasek, a globally recognised leader in the agri-food sector, to capture the potential of this industry. We will be able to access a strong pipeline of investment opportunities through leveraging Temasek’s extensive network and ecosystem, as well as their experience and success in this space.”
“The transformation of the agri-food sector is critical to decarbonisation while ensuring food security, and meeting the evolving needs of consumers,” said Anuj Maheshwari, head of agri-food at Temasek.
“Through this partnership with Seviora Group, we aim to scale capital and create value by investing in late venture and early growth agri-food companies across the Apac region that are at the forefront of innovation, leveraging technology to drive positive and sustainable change across the agri-food value chain.”
