18 Jul 2024 Seviora Capital
Seviora Capital Announces Final Close of The Future of Food and Farming Fund with Additional Investors from North Asia
Investors from Japan and South Korea join the Seviora and Temasek partnership to invest in high growth and innovative Agri-Food companies in the Asia Pacific.

Seviora Capital (“Seviora”) announces the Final Close of its inaugural Agri-Food Technology fund, The Future of Food and Farming Fund (“Seviora T3F”). The Fund is a joint investment partnership with Temasek into late venture and early growth Agri-Food companies in the Asia Pacific region.

The Final Close saw total commitments reach US$186 million with initial seed capital coming from Seviora Holdings and Temasek, coupled with a significant commitment from cornerstone investor Norinchukin Bank.

Subsequent investors included DBJ in Japan and an associate of the major South Korean conglomerate CJ Group. Seviora T3F investor base features several leading Agri-Food investors noted for their relevant market expertise and their commitment to the Fund further underscore the immense opportunities to drive transformation in the industry across the Asia Pacific region.

Speaking about the Final Close, Jimmy Phoon, CEO at Seviora says: “We are thrilled with the level of support our inaugural fund attracted and excited to be working with highly skilled partners such as Norinchukin and DBJ in Japan. It highlights the attractiveness of the Agri-Food sector, particularly to investors in the North Asia region.”

Seviora and Temasek view the Agri-Food sector as being at a pivotal inflection point, presenting attractive investment opportunities, through Seviora T3F, they aim to capitalise on macro trends shaping the sector in APAC that will drive transformation and positive changes across the Agri-Food value chain.

“Having invested in the Agri-Food sector for the past four years to gain advanced know-how to solve issues in the sector, we believe that Seviora has identified an evolving, high-growth sector that will continue to undergo rapid evolution in the foreseeable future. We are delighted to partner with Seviora and Temasek on this venture,” says a spokesperson from DBJ.

With the final closing of the fund, Seviora T3F will continue to invest in compelling, innovative, and high-growth Agri-Food companies in the region that provide sustainable solutions and technologies to meet the challenges posed by massive demographic changes and fast-evolving consumer needs. The Fund seeks to identify companies that can help the Agri-Food system accelerate to a more sustainable and resilient future, and one which meets evolving consumption trends. An ecosystem of Agri-Food high growth and start-up companies is emerging across the region and building momentum. These companies will be crucial in developing solutions and technologies that are deployable at scale and can address the challenges and opportunities in the Agri-Food systems both in APAC and around the world.

For more details on Seviora Capital, and Seviora Group, please visit www.sevioracapital.com and www.sevioragroup.com respectively.


For further information,
Email: seviora@fticonsulting.com

Telephone: +65 6831 7896

 

About Seviora Capital and Seviora Group

Seviora Capital is a Singapore-based Investment Manager, which provides venture capital and growth funds, as well as other bespoke investment solutions across a broad range of strategies in both public and private markets to global investors.

Seviora Capital is part of Seviora Group, a Singapore-headquartered independent asset management group with US$52 billion in assets under management and is wholly owned by Temasek. The Seviora Group provides global investors access to a wide range of investment strategies in both public and private markets. The Group has a strong talent pool of over 170 investment professionals, supported by more than 250 staff, with primary presences in Singapore, India and China.

The Seviora Group is aligned with the interests of its investors via its substantial investments in its underlying funds, by way of both investment capital and resources, giving them scale and a competitive edge.

The Seviora Group’s asset management companies include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, SeaTown Holdings International and Seviora Capital.

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