# Growthwell Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/growthwell-foods

- Industry: Food
- Headquarters: Singapore, Singapore
- Website: https://growthwellfoods.com
- Total disclosed funding: $28M
- Latest round: Series A (Sep 22, 2021)
- Investors on record: 7

## About

Growthwell Foods, based in Singapore, specializes in plant-based food alternatives, providing nutritious and accessible options for consumers seeking healthier dietary choices.Founded in 1989, Growthwell Foods focuses on developing plant-based food solutions. The company has not undergone any significant pivots or changes in its business strategy. It operates out of Singapore, which serves as its headquarters. The recent Series A funding round raised USD 22.00 mn in September 2021, led by Creadev with participation from investors such as DSG Consumer Partners and Temasek Holdings. The total amount raised by the company is USD 22.00 mn, with a current valuation of USD 76.649 mn.Growthwell Foods specializes in the production of plant-based food alternatives, focusing on offering accessible and nutritious choices for consumers looking to improve their dietary options. Their core product offerings include HAPPIEE!™, EPIC’C™, and various food service solutions designed for both individual consumers and businesses in the food and beverage sector. The company's products cater to a diverse customer base that includes health-conscious individuals, chefs, and food retail companies, all aiming to integrate healthier plant-based options into their meals. With a commitment to sustainability, Growthwell's plant-based products are available in multiple markets, including Singapore, Malaysia, Australia, and Indonesia, addressing the growing demand for eco-friendly and nutritious food solutions.In the most recent fiscal year, Growthwell Foods reported revenue of USD 8,003,352.30, and an EBITDA of USD -17,219,840.50, indicating significant operational expenses or investments in growth.With the recent Series A funding of USD 22.00 mn raised in September 2021, Growthwell Foods plans to accelerate its expansion within Southeast Asia and enhance its product offerings. The company aims to introduce new products while targeting specific markets for geographic expansion.

## Funding rounds

- Series A, Sep 22, 2021, $22M — Temasek Holdings, Granite Asia, Creadev, DSG Consumer Partners, Iris Capital Partners
- Seed, Mar 23, 2021, $6M — Temasek Holdings, DSG Consumer Partners, Insignia Ventures Partners, Brandify

## Investors

- Temasek Holdings — Seed, Series A
- DSG Consumer Partners (https://capitalatlas.ai/funds/dsg-consumer-partners) — Seed, Series A
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed
- Brandify — Seed
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A
- Creadev — Series A
- Iris Capital Partners (https://capitalatlas.ai/funds/iris-capital-partners) — Series A