Singapore: Next Gen, a startup offering plant-based meat products, has launched in Singapore.
Next Gen was co-founded by Timo Recker (CEO) and Andre Menezes (COO).
Recker, who infused a seed funding of US$2.2 million into Next Gen, previously founded plant-based meat company LikeMeat. The German company’s products are sold in 10 European countries through 15,000 supermarkets
Next Gen produces and commercializes plant-based meat products. Recker claims their products are 100 percent plant-based, with the taste, texture, and satisfaction of meat.
The startup has a manufacturing capacity of over 5,000 tons per year in place. Based on current average consumption, Recker expects to serve 9,000 restaurants. “We target to launch the consumer brand within the next six months.”
The startup is preparing to raise its Series A financing in 2021 to drive its global expansion, technology, and R&D. “We anticipate expansion into China, the US, and Europe over the next three years,” Recker said.