Future Food Foundry (3F), a UAE-based agri-food tech company has recently announced its US$20 million investment in NextGen Farms (NGF) and Sustenir Group to form a merger to create the ‘largest plant superfood ecosystem in Singapore’.
Future Food Foundry is looking to expand its operational presence and become the leading agri-tech firm in MENA and the Asia Pacific.
Leo Musatov, Co-Founder and Managing Director at Future Food Foundry said, “Future Food Foundry is committed to leading the way in sustainable controlled environment agriculture and food innovation. This investment underscores our dedication to bringing cutting-edge agri-food technology to our existing markets. We are excited about the potential of this merger to transform food production and availability in the region.”
Sustenir is a pioneer in growing and bringing superfoods to consumers. “Having developed the superfood salads category through favourites such as Kinky Kale and Kalming Kale, we are excited to deepen our innovation capabilities and broaden our portfolio through this merger with NextGen Farms,” said Jack Moy, CEO of Sustenir Group.
Balajee Potala, Founder of NextGen Farms said, “Our mission has always been to elevate agriculture through high-tech solutions. This merger with Sustenir enables us to synergize NextGen Farms’ state of the art systems with Sustenir’s superfoods platform.” NextGen Farms specialises in using cutting-edge controlled environment farming technologies to cultivate a range of nutritionally superior crops, including superfoods like kale and spinach.
The combined entity will operate under the Sustenir brand and aim to redefine food sustainability and significantly enhance food security in Singapore. By leveraging controlled environment farming techniques and ‘innovative superfood’ production, the region will benefit from a steady supply of locally grown, nutrient-rich superfoods, contributing to enhanced food security and sustainable agriculture practices.
