Singapore’s SEEDS Capital, others to co-invest $66.6 mln in agtech startups

Singaporean investment firm SEEDS Capital, a unit of Enterprise Singapore, and seven co-investment partners plan to commit over 90 million Singaporean dollars ($66.6 million) in agri-food technology startups in the country.

The seven co-backer include AgFunder, Hatch, ID Capital, The Yield Lab, Trendlines, Openspace Ventures and Visvires New Protein.

SEEDS Capital will co-infuse in the ratio of the initial $370,000 of co-infusion and up to $3 million per deep technology startup under Startup SG Equity. The new co-investment partners join 18 other partners of SEEDS Capital.

The firm said that more than $96 million has been invested in sectors like health and biomedical sciences, advanced manufacturing & engineering, services & digital economy and urban solutions & sustainability through these collaborations.