USD 20 Million Merger Forms Singapore’s Largest Plant Superfood Ecosystem

Oct 2024

Future Food Foundry (3F), a UAE-based agri-food technology company, has invested over USD 20 million to merge NextGen Farms (NGF) and Sustenir Group, creating Singapore’s largest plant superfood ecosystem. This strategic merger marks Future Food Foundry’s expansion into the Asia-Pacific region, aligning with its goal of establishing itself as a leading agri-tech company across MENA and Asia-Pacific. Building on its extensive portfolio in agri-food technology within the UAE, 3F aims to drive innovation and sustainability in food production and controlled environment agriculture through this new venture.

The combined entity, operating under the Sustenir brand, will focus on boosting Singapore’s food security by applying advanced farming techniques to produce nutrient-rich superfoods. Using controlled environment agriculture, the merger enhances the region’s capacity for local production of sustainable superfoods, with a commitment to ensuring a consistent supply of nutrient-dense, locally grown produce. This approach not only addresses food sustainability but also reflects Future Food Foundry’s commitment to integrating cutting-edge agri-tech solutions to meet rising consumer demand for functional, health-focused foods.

By leveraging NextGen Farms’ advanced agricultural systems with Sustenir’s established superfood offerings, the merger is set to broaden its range of innovative superfood products in Singapore. With the growing demand for sustainable, functional foods, this partnership aims to drive significant positive impact in local communities, promoting healthier, environmentally friendly food options while bolstering Singapore’s resilience in food production and sustainable agriculture.

(Source: VerticalFarmDaily.com)

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