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SEA Digest: Temasek backs Hazel Technologies; Uploan bags $15m financing
A woman passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/Edgar Su
April 21, 2021
Singapore state investor Temasek has co-led the $70-million Series C funding round in US-based agritech startup Hazel Technologies while Philippine-based fintech firm Uploan has secured $15 million in debt financing.
Temasek co-anchors $70m funding in US-based Hazel Technologies
Singapore state investor Temasek has joined Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech) to co-lead the $70-million Series C funding in US-based agricultural technology company Hazel Technologies.
The oversubscribed funding round was also participated by returning investors S2G Ventures, Pangaea Ventures, Rhapsody Venture Partners, Asahi Kasai Ventures, Jordan Park Group, and the Jeremy and Hannelore Grantham Environmental Trust, according to an announcement.
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Hazel Technologies, Inc., a Chicago, IL-based USDA-funded agricultural technology company delivering new solutions to combat food waste, raised $70m in Series C financing.
The round, which brought cumulative total raised to over $87m, was co-led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), and Temasek, a global investment company headquartered in Singapore, with participation from S2G Ventures, Pangaea Ventures, Rhapsody Venture Partners, Asahi Kasai Ventures, Jordan Park Group, and the Jeremy and Hannelore Grantham Environmental Trust.
The company intends to use the funds to build global operations in major agricultural production areas, expanding into new markets such as Southeast Asia, Africa, the EU, and beyond.
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