Poultry Industry Veterans Raised USD 100 Million to Promote Their Vegan Chicken Brand

NextGen Foods, a Singapore-based company and the manufacturers of vegan brand TiNDLE have recently raised USD 100 million. This is the largest investment raised by a company in a Series A funding round ever. NextGen Foods was founded in 2020 by Andre Menezes, a Brazilian-born poultry exporter, and Timo Recker, a third-generation German schnitzel and other meat products manufacturer. The two met in a business incubator and created the company from common interest to reduce the dependence on animal agriculture, especially with chicken.

Their flagship product, TiNDLE is made to copy in every possible way. It’s made with only nine ingredients, the base is a blend of soy and wheat gluten which is combined with “lipi,” a fat that gives the product its chickeny feel. The resulting product does not contain cholesterol or antibiotics, and it is rich in protein and than conventional chicken. NextGen Foods is a relatively new company but TiNDLE is already present in restaurants across The Netherlands, Singapore, Hong Kong, Macau, Indonesia, and the UAE.

Image source: NextGen

The new investment comes in addition to a previous USD 30 million seed round and includes new investors from Singapore investment fund DBI, Indonesian capital firm Alpha JWC Ventures, and yes the former Bettle Paul McCartney’s MPL Ventures.

The new funding will help NextGen Foods to expand TiNDLE to key geos, this will include Europe and the United States. This month TiNDLE will commence its presence in the US at selected restaurants. To promote its product the company partnered with celebrity chef Chad Rosenthal to serve samples of its chicken. A food truck will make stops in different Brooklyn and Manhattan. At the same time, TiNDLE will continue expansion to restaurants in other major cities which include Miami, FL; San Francisco, CA; and Philadelphia, PA.

Share with friends:

Leave a Reply

Your email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

New Ritter Sport Vegan Milk Chocolate Bar
Delicious Pinwheels with Garlic and Herbs
Heinz launching a plant-based baby food this summer
US And UK Consumers ‘Eager’ To Eat Cultured Meat
Top Fruits And Vegetables To Dehydrate
YOU MIGHT ALSO LIKE
Leonardo DiCaprio joins Lewis Hamilton in expanding his neat burger to the united states
Neat Burger, a vegan fast-food company headquartered in the United Kingdom and funded by Formula...
16 different ways to use nutritional yeast
A plethora of delectable alternatives. From cheesecake to vegan parmesan in a flash, once you’ve...
The ultimate selection of vegan sneakers
With the assistance of our guide to the finest vegan shoes, you can ditch your sky-high heels...
Drew Barrymore and Quorn have teamed up to make plant-based meat more accessible
According to the actress, food manufacturers must become more attentive, to better suit the...
On Earth Day, try these sustainable brands
Is your wardrobe long-lasting? Here’s why what we wear now is more important than ever....
After a two-year wait, vegan JUST Eggs will (finally) launch in Europe
The chicken-free alternative, made from mung beans, is touted to be more sustainable than traditional...