Seviora Holdings (“Seviora”) has partnered with Temasek to jointly invest in late venture and early growth Agri-Food Companies in the Asia Pacific (“APAC”) region, through Seviora Capital’s The Future of Food and Farming (the “Seviora T3F”) Strategy.
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Since August 2023, the Seviora T3F Strategy has raised US$173 million. The amount comprises seed capital from Seviora and Temasek, which ensures a strong alignment of interest with all investors, an investment by cornerstone investor Norinchukin Bank, as well as investments from other institutional investors. Seviora Capital expects to raise capital from institutional investors to participate in this commitment to drive transformation in the Agri-Food industry.
The Seviora T3F Strategy invests in compelling, innovative, and high-growth Agri-Food companies in the region that provide sustainable solutions and technologies to meet the challenges posed by massive demographic changes and fast-evolving consumer needs. It looks to identify companies that can help the Agri-Food system accelerate to a more sustainable and resilient future, and one which meets evolving consumption trends. An ecosystem of Agri-Food high growth and start-up companies is emerging rapidly across the region and building momentum. These companies are crucial in developing solutions and technologies that are deployable at scale and can address the challenges and opportunities in the Agri-Food systems both in APAC and around the world.
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“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.”
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As Investment Manager, Seviora Capital will build a portfolio of investments from opportunities identified by Temasek, leveraging their extensive investment network, deep knowledge, and strong sourcing capability in the Agri-Food sector. Seviora Capital and Temasek will jointly evaluate these opportunities, capitalise on each other’s complementary strengths, and independently make investment decisions.
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“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.”
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Seviora and Temasek view the Agri-Food sector as being at a pivotal inflection point and presenting attractive investment opportunities. Through the Seviora T3F Strategy, Seviora and Temasek aim to capitalise on macro trends shaping the APAC Agri-Food sector and make investments that will drive transformation and positive changes across the Agri-Food value chain:
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About Seviora Capital and Seviora Group
Seviora Capital is a Singapore-based Investment Manager, which provides venture capital and growth funds, as well as other bespoke investment solutions across a broad range of strategies in both public and private markets to global investors. Seviora Capital is part of Seviora Group, a Singapore-headquartered independent asset management group with US$52 billion in assets under management, wholly owned by Temasek.
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