Prefer Raises $4.2M in Oversubscribed Round, Launches Soluble Coffee & Cocoa Powders Made With Fermentation
Singapore-based food tech startup Prefer has secured US$4.2 million in an oversubscribed funding round. This brings the total amount raised by the company to US$6.2 million. The round was led by At One Ventures and Chancery Hill Capital, with participation from existing investor Forge Ventures. The news comes as Prefer announces the commercial launch of its new soluble coffee and cocoa powders, made using a proprietary precision fermentation process. Prefer’s …
Prefer Raises $2M for Bean-Free Coffee Made With Upcycled Ingredients & Fermentation
Singapore-based startup Prefer has raised $2 million to scale up the production of its bean-free coffee. The round was led by Forge Ventures, with participation from Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First, and Pickup Coffee. Prefer’s coffee alternative is made by using microbes to ferment upcycled ingredients such as waste bread, soy milk pulp, and spent brewer’s grain. The resulting mixture is then roasted and ground, using …