Temasek invests in China fund aimed at developing agrifood technology

Singapore

TEMASEK Holdings is making a further push into the agrifood space, with its participation in the US$30 million first close of a new fund to develop agrifood technology in China.

The Singapore state investment firm is one of the limited partners (LPs) of the fund, launched by Chinese venture capital firm Bits x Bites. Other LPs included Singapore-based private equity firm Heritas Capital Management, which focuses on health and related food tech, a spokesperson for Bits x Bites told The Business Times (BT) on Tuesday.