# Sustenir Group Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sustenir-group-pte

- Industry: Agribusiness
- Headquarters: Singapore, Singapore
- Website: www.sustenir.com/
- Total disclosed funding: $29M
- Latest round: Series A (Dec 16, 2020)
- Investors on record: 7

## About

Based in Singapore, Sustenir Group Pte Ltd focuses on the cultivation and distribution of premium leafy greens, utilizing innovative agricultural practices to meet health-conscious consumer demands.Sustenir Group Pte Ltd specializes in sustainable agriculture and was founded in 2013 in Singapore. The company was co-founded by Benjamin Swan and Martin Lavoo. Sustenir has successfully raised a total of USD 12.37 mn in funding, with the latest round being a Series A investment that included contributions from Australian Catholic Superannuation and Retirement Fund, Cages Foundation, Gleneagle Asset Management, and Perennial Partners. Their current valuation stands at USD 78.53 mn.Sustenir Agriculture (Singapore) Pte. Ltd. cultivates and distributes premium leafy greens, including flagship products such as Kinky Kale, Tranquil Tuscan, and Rebel Rocket. These greens are developed using sustainable agricultural techniques, catering to health-conscious consumers and culinary professionals. The company primarily markets its products in Singapore and has expanded into Southeast Asia, supplying restaurants, grocery retailers, and direct consumers who prioritize high-quality produce.In the most recent fiscal year of 2023, Sustenir reported a revenue of USD 3.49 mn, with an EBITDA of USD -12.24 mn. Their revenue model encompasses direct sales to B2B clients and direct-to-consumer channels, ensuring competitive pricing while maintaining product integrity.Moving forward, Sustenir Group Pte Ltd plans to launch new product lines aimed at enhancing their market presence and meeting evolving consumer preferences. The company is also targeting expansion into additional markets within Southeast Asia by late 2024. Recent funding from GM Capital Management will support these initiatives, enabling the company to enhance its production capacity and broaden its distribution channels.

## Funding rounds

- Series A, Dec 16, 2020, $12M — Australian Catholic Superannuation and Retirement Fund, Gleneagle Asset Management, Perennial Partners, Cages Foundation
- Series A, Sep 7, 2018, $16M — Temasek Holdings, Australian Catholic Superannuation and Retirement Fund, Gleneagle Asset Management, Grok Ventures, Perennial Partners, Cages Foundation
- Seed, May 31, 2017, $1.1M — Alium Capital Management

## Investors

- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Seed
- Temasek Holdings — Series A
- Australian Catholic Superannuation and Retirement Fund — Series A
- Gleneagle Asset Management — Series A
- Grok Ventures — Series A
- Perennial Partners — Series A
- Cages Foundation — Series A