Seviora Capital has partnered with Temasek to jointly invest in late venture and early-growth agri-food companies in the Asia Pacific region through its “The Future of Food and Farming” (Seviora T3F) Strategy.
The Seviora T3F Strategy invests in companies that provide sustainable solutions and technologies to meet the challenges posed by massive demographic changes and fast-evolving consumer needs.
As investment manager, Seviora Capital will build a portfolio of investments from opportunities identified by Temasek, leveraging their extensive investment network, deep knowledge and strong sourcing capability in the sector.
Seviora Capital and Temasek will jointly evaluate these opportunities, capitalise on each other’s complementary strength, and independently make investment decisions.
Since August 2023, the Seviora T3F Strategy has raised US$173 million ($233 million). The amount comprises seed capital from Seviora and Temasek, an investment by cornerstone investor Norinchukin Bank, as well as investments from other institutional investors.
Seviora Capital expects to raise capital from institutional investors to participate in this commitment to drive transformation in the agri-food industry.
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In January 2024, under the Seviora T3F Strategy, an investment of US$17 million was made in Country Delight — a subscription-led online food essentials delivery brand in India that focuses on delivering high quality milk, milk derivatives and other food essentials direct to consumers.
Seviora Capital is part of Seviora Group, a Singapore-headquartered independent asset management group with US$52 billion in assets under management, wholly owned by Temasek.
The Seviora Group’s asset management companies include Azalea Investment Management, Fullerton Fund Management, InnoVen Capital, Seatown Holdings International and Seviora Capital.
