Next Gen Foods announced its first product, TiNDLE is now available in a range of iconic restaurants across the East and West Coasts in some of the country's leading "foodie" cities following a $100 million Series A funding round – the largest Series A to date for a plant-based meat company.
American diners can now taste TiNDLE in a range of delicious preparations at select eateries, in cities including New York, Miami, Los Angeles, Napa and Philadelphia, with plans to expand to other cities including Austin, Texas.
"There's no question that the United States is home to some of the best food cities on the planet – and we're excited to bring TiNDLE to this market and hear what consumers think," said Andre Menezes, CEO and co-founder of Next Gen Foods. "The U.S. has long been a target market for us, and thanks to our lineup of fantastic investors who have participated in this funding round, this is only the beginning of our journey in delivering delicious and sustainable foods to reverse our climate crisis."
Participating in the Series A round are new international investors Alpha JWC, the Southeast Asian venture capital firm; the Singapore-based global investment fund, EDBI; and UK-based MPL Ventures. Returning from previous rounds are Temasek through its newly established Asia Sustainable Food Platform, GGV Capital, K3 Ventures and Bits x Bites. With the company's plans to swiftly increase its global footprint this year, the fundraising comes from a broad mix of both Europe and Asia-based investors, following the seed round of $30 million that took place last summer. Total funding for the startup now exceeds $130 million.
TiNDLE has seen rapid success across several culinary epicenters – including Singapore, Hong Kong, Amsterdam and Dubai – and the new funding supports Next Gen Foods' acceleration to bring TiNDLE to key markets around the globe like the United States.
About TiNDLE
TiNDLE is a juicy, plant-based chicken that offers mouthwatering taste, texture, and versatility. TiNDLE is made without animals and with a fraction of the land, water, and energy used to produce meat from birds. TiNDLE brings people together for a mind-blowing taste experience that also benefits the planet. TiNDLE is the first brand created by Next Gen Foods, a Singapore-headquartered food tech company developing and commercializing innovative, sustainable foods.