Good Protein Fund I is a VC fund structured as a Cayman LP Feeder Fund into a Singapore VCC. It proposes to invest in Alternative Protein companies diversified across all stages, technologies, products and geographies. They intend to raise USD 25m to create a blended portfolio of 30+ investments with small initial investments of USD 250k- 500K and balance for follow-ons.
Alternative proteins are disrupting the US$2 trillion meat, seafood and eggs market by creating replacement sustainable, protein-rich ingredients sourced from plants, animal tissue culture, etc
Some deals have already been warehoused for investment pending the Fund launch Names: Eat JUST, Rebellyous Foods & Avant Meats.
Capital Calls: 10% upfront; 6 X 15% every 6mths thereafter.
Why this Fund ?
- 1. Run by VCs with a successful track record of execution in Asia
- 2. GPs have committed USD 6m or 25% of total fund as their investment
- 3. Interesting “Alternative Proteins” sector given demand for sustainable non-animal foods