Key Takeaways:
- Future Food Foundry (3F) has announced a USD 20 million investment to merge NextGen Farms and Sustenir Group.
- The combined entity will create the largest plant superfood ecosystem in Singapore under the Sustenir brand.
- The merger focuses on controlled environment farming and superfood production.
- 3F is expanding its operations in the MENA and Asia-Pacific regions.
Strategic Investment in Singapore’s Superfood Ecosystem
Future Food Foundry (3F), a UAE-headquartered agri-food technology company, has announced an investment of over USD 20 million to merge two companies, NextGen Farms and Sustenir Group. The merger is set to create Singapore’s largest plant superfood ecosystem, combining the capabilities of both companies under the Sustenir brand.
The investment forms part of Future Food Foundry’s strategy to expand its operational presence in the Asia-Pacific and MENA regions. The company aims to leverage advanced controlled environment farming technologies to enhance food security and sustainable agriculture in Singapore.
Focus on Food Security and Sustainability
The combined entity plans to use controlled environment farming techniques to produce superfoods, contributing to Singapore’s local food supply. This approach is intended to reduce reliance on food imports by providing a steady supply of locally grown superfoods such as kale and spinach. These developments align with broader efforts to enhance food sustainability and food security in Singapore.
Leo Musatov, Co-Founder and Managing Director at Future Food Foundry, emphasized the company’s focus on sustainable agriculture: “This investment underscores our dedication to bringing cutting-edge agri-food technology to the markets of our presence.”
Merger Synergies
NextGen Farms specializes in advanced controlled environment farming and focuses on producing nutritionally dense crops, including superfoods like kale and spinach. Balajee Potala, Founder of NextGen Farms, highlighted the potential benefits of the merger, stating, “This merger with Sustenir enables us to synergize NextGen Farms’ state of the art systems with Sustenir’s superfoods platform.”
Sustenir Group has developed a range of superfoods and has established itself as a key player in the superfood market. Jack Moy, Chief Executive Officer of Sustenir Group, remarked on the merger, stating, “We are excited to deepen our innovation capabilities and broaden our portfolio through this merger with NextGen Farms.”
Future Food Foundry’s Vision
Founded in 2022, Future Food Foundry focuses on developing and distributing advanced agri-food technology solutions for controlled environment agriculture and superfoods. The company collaborates with local government agencies in the UAE and Singapore and has plans to expand further within the MENA region and Asia-Pacific.
This merger is part of Future Food Foundry’s strategy to build partnerships and develop operational hubs in key markets.
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