NEWS COMMENTARY

Hoow Foods gains $1.8 million (SG$2.5 million) in additional funding for its reformulation platform

Published:
April 14, 2020
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
Average importance

The company's total funding now stands at $3 million. Nanyang Realty of Singapore led the investment, alongside Sunbo Angel Partners and Lighthouse Combined Investment of South Korea. Previous investors from its initial $1.2 million raise in September 2019 also participated. According to the press release, the company is now looking to expand beyond Singapore and into South Korea and China through partnerships. Clients, now may seem the time to put product innovation to the wayside, but it is important to find new ways to keep idea pipelines full. Ingredient informatics, which Hoow Foods embodies, is one means toward this end that should be leveraged. This funding, still coming in trying times, further supports that argument. 

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