Temasek and Seviora Capital have launched a future of food and farming strategy to invest in the agrifood sector in Asia Pacific.
The Seviora T3F Strategy has raised US$173m (€160m) primarily from seed capital provided by Seviora and Temasek, with Japanese institution Norinchukin Bank, as the cornerstone investor. It has also attracted commitments from other institutional investors.
Seviora expects to raise further capital from more institutional investors to participate in this strategy to drive transformation in the agri-food industry.
“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,” said Jimmy Phoon, CEO at Seviora and Seviora Capital.
Anuj Maheshwari, head of agri-food at Temasek, said: “Through this partnership with Seviora Group, we aim to scale capital and create value by investing in late venture and early growth agri-good 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.”
Over the past decade, Temasek has invested over US$8bn in innovative and scalable farm-to-fork businesses globally, with a growing portfolio of investments in APAC.
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