PR95899

SINGAPORE, May 10, 2022 /PRNewswire-AsiaNet/ --

- Jenny Lee and Mathys Boeren join Next Gen Foods' journey in making TiNDLE the

leading global brand for plant-based chicken

Next Gen Foods – the food tech company behind TiNDLE (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=3342088261&u=https%3A%2F%2Ftindle.com%2F&a=TiNDLE),

the popular chicken made from plants – has appointed two new board members:

Jenny Lee, Managing Partner at GGV Capital; and Mathys Boeren, CEO of the Asia

Sustainable Foods Platform at Temasek Holdings.

Photo - https://mma.prnewswire.com/media/1813457/TiNDLE_2.jpg

Photo - https://mma.prnewswire.com/media/1813458/TiNDLE_3.jpg

Logo - https://mma.prnewswire.com/media/1813459/TiNDLE_NextGen_Logo_1_Logo.jpg

Jenny Lee joins the board following an extensive career that started in

aerospace as a fighter jet engineer and has spanned to venture capital across

the globe. As Managing Partner at GGV Capital, Lee has been instrumental in

guiding early-stage companies to their IPO listing, with 18 unicorns under her

belt. Lee is known for her startup innovation experience in EdTech, FinTech,

Robotics/AI, EV, Web3 – as well as playing a key role within GGV with her

sector focus on food tech and alternative proteins.

Lee has been consistently recognized by the Forbes Global 100 VC Midas list and

was the first woman to break the Top 10 in 2015. She has been applauded for

being one of the top venture capital investors worldwide, receiving recognition

from Vanity Fair, The New York Times, Fast Company and Business Times. She

graduated from Cornell University with an M.S. and a B.Sc. in Electrical

Engineering and an M.B.A. from Kellogg School of Management, Northwestern

University and currently is based in Singapore.

On the importance of sustainable food production, Lee said: "Food tech

innovations and developments in alternative protein will help us drive

sustainability and mitigate climate change. Agriculture, forestry and land use

cause 7% of carbon dioxide emissions and 46% of methane emissions, much of

which is driven by food production (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=836987696&u=https%3A%2F%2Fwww.foodingredientsfirst.com%2Fnews%2Falternative-proteins-can-help-combat-climate-change-and-mitigate-business-risk-urges-gfi.html&a=much+of+which+is+driven+by+food+production).

Sustainable foods can help us address environmental concerns arising out of

inefficient animal farming and food production."

"With the aim of delivering delicious plant-based foods, Next Gen's TiNDLE is a

fantastic product that not only drives adoption of sustainable meat, but also

offers an authentic chicken experience," added Lee.

Mathys Boeren is the CEO of Asia Sustainable Foods Platform, a company wholly

owned by Temasek, that is addressing the challenges around scaling up

production of alternative proteins and rapid growth of sustainable foods across

the region. In his role at the Platform, Boeren adapts his passion for the

sustainable food industry by counselling and overseeing the development of new

products and commercial scale-up for startups in the food tech industry. In

addition, he is responsible for both current and future joint ventures and

partnerships.

Prior to joining the Platform, Boeren worked in the food and food ingredients

industry for over 25 years, which included leadership positions at Kerry,

Symrise, Givaudan and Unilever. More recently, he has also acted as an advisor

to sustainable food startups, with a focus on consumer preferences and product

development. Boeren graduated from Technische Universiteit Delft with a degree

and master's in chemical engineering, and he currently resides in Singapore.

Boeren believes there is "booming" demand for sustainable foods, "An estimated

US$1.55 trillion (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=1046040582&u=https%3A%2F%2Fwww.straitstimes.com%2Fsingapore%2Fnew-temasek-entity-to-drive-sustainable-food-adoption-back-food-tech-firms-in-asia&a=US%241.55+trillion)

(S$2.09 trillion) of spending is needed by 2030 to meet food requirements in

Asia, driven by changing consumer habits and demand for healthier and more

sustainable foods." Boeren views TiNDLE as "an innovative product, delivering a

tasty and sustainable meat experience that will help us meet this growing

demand. I am excited to be a part of Next Gen and guide them through their

journey of becoming a leading brand for plant-based foods."

Jenny Lee and Mathys Boeren join Next Gen Foods' existing board members,

including:

    -- Timo Recker (Co-Founder & Executive Chairman)

    -- Andre Menezes (Co-Founder & CEO)

    -- Rohit Bhattacharya (CFO)

    -- Meng Xiong Kuok (Founder & Managing Partner, K3 Ventures)

    -- Rachel Konrad (Chief Brand Officer, The Production Board)

Next Gen Foods Co-Founder and CEO Andre Menezes said, "We are always looking

for strategic partners, board members and mentors who are motivated about

transforming the food system and can guide us as we continue our rapid growth

and market expansions. Both Mathys and Jenny's extensive global and regional

experience in the food tech industry, and in helping startups to scale swiftly,

is essential to Next Gen's vision of making delicious foods that ultimately

impact the footprint that we have on this planet."

Rapid International Growth

In February 2022, Next Gen announced their record-breaking US$100 million

Series A round (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=3654727997&u=https%3A%2F%2Fnextgenfoods.sg%2Fpress-releases%2Fnext-gen-foods-debuts-tindle-in-the-united-states-and-announces-a-record-breaking-100-million-series-a-funding-round%2F&a=announced+their+record-breaking+US%24100+million+Series+A+round),

the largest Series A to date for a plant-based meat company.

New international investors included UK-based MPL Ventures, Southeast Asian

venture capital firm, Alpha JWC; and Singapore-based global investment fund,

EDBI. Joining from previous rounds were Temasek's Asia Sustainable Food

Platform, GGV Capital, K3 Ventures and Bits x Bites. The total funding for the

plant-based startup now exceeds US$130 million.

As a leading food startup, Next Gen Foods aims to make the global food system

sustainable by making delicious, nutritious meat from plants. TiNDLE is the

company's flagship product and the first chicken made from plants specifically

created by chefs and for chefs. It contains no antibiotics, hormones,

cholesterol or genetically modified ingredients.

TiNDLE made its global debut in Singapore in March 2021 and is now available in

nearly 500 restaurants across Hong Kong, Macau, Malaysia, Amsterdam, Dubai, Abu

Dhabi, United States and the United Kingdom.

On average, chicken made from plants uses less land, less water, and produces

less CO2 than chicken from birds. Based on a 2020 Blue Horizon report, choosing

plant-based chicken over avian meat saves 82% less water, 74% less land and 88%

less greenhouse gas emissions.

About Next Gen Foods

Founded in 2020, Next Gen Foods is a food-tech startup developing and

commercializing innovative and sustainable plant-based food products –

including its flagship product, TiNDLE. Next Gen Foods is backed by a team with

proven experience in plant-based food technology, global brand development, and

global distribution scaleup. For more information, visit nextgenfoods.sg

(https://nextgenfoods.sg ).

About TiNDLE

TiNDLE is a juicy, plant-based chicken that offers mouthwatering taste,

texture, and versatility – and uses a fraction of the land, water and energy

needed to produce meat from birds. Made with only nine simple ingredients,

TiNDLE is the first product by Next Gen Foods, a Singapore-founded food tech

company that is developing and commercializing innovative and sustainable

foods. Available in restaurants globally, TiNDLE is the first chicken made from

plants designed by chefs and for chefs and is a winner of the National

Restaurant Association's 2022 Food and Beverage Innovation (FABI) Awards

(https://www.nationalrestaurantshow.com/show-features/FABI ). For more

information, visit tindle.com (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=680806669&u=http%3A%2F%2Fwww.tindle.com%2F&a=tindle.com) or

follow @tindlefoods (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=2691195134&u=https%3A%2F%2Fwww.instagram.com%2Ftindlefoods%2F&a=%40tindlefoods) on Instagram and @tindle.foods (https://c212.net/c/link/?t=0&l=en&o=3530190-1&h=3772417712&u=https%3A%2F%2Fwww.tiktok.com%2F%40tindle.foods&a=%40tindle.foods) on TikTok.

Press Kit: www.nextgenfoods.sg/media

SOURCE  TiNDLE

CONTACT: Press Contact: Rachel Soeharto, media@tindle.com