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Alchemy Foodtech: Closes 7-Figure Bridge Round | Fintech InShorts: Latest fintech news, analysis by experts

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Alchemy Foodtech: Closes 7-Figure Bridge Round

By Steve Sam

December 30, 2020

Alchemy Foodtech, a Singapore-based food technology startup, closed a 7-figure bridge round with strategic investors
The current round saw backing from Thai Union Group PCL (Thai Union), Bits x Bites, VC arm of Muang Thai Group Fuchsia Venture Capital, and Sunbo Partners
The bridge round will accelerate the company’s next stage of development in expanding its production capacity and expanding its markets locally and overseas
Having led Alchemy Foodtech’s pre-series A round in 2018
Heritas Capital together with co-investor SEEDS Capital also continued our backing in this round
Alchemy Foodtech has secured several local partnerships with eateries including Boon Tong Kee and Yum Cha, as well as pharmacies

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