- 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
