Temasek, Singapore’s state-backed investor, is pushing further into agriculture technology as the city-state turns to lab-grown meats and milks to achieve greater food security.
The fund has invested over $8bn in the sector, including in more than 30 start-ups, almost a quarter of which have achieved a valuation of more than $1bn. Life-science and agribusiness investments make up 10 per cent of the fund’s portfolio, said Anuj Maheshwari, managing director of Temasek’s agribusiness unit.
The fund’s push into the sector comes as Singapore’s government pursues a “30 by 30” goal of producing 30 per cent of its food domestically by 2030.
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