Growthwell Foods’ $22 Million Series A Financing

CNPLaw LLP acted for Creadev International SAS in its participation as lead investor in the series A fundraising round of Growthwell Foods.

Plant-based nutrition foodtech company Growthwell Foods has raised US$22 million in Series A funding in a round led by private equity investment firm Creadev.

GGV Capital, Iris Fund and existing investors Temasek and DSG Consumer Partners also participated in the round, the company said in a press statement on Tuesday. 

With the funding, Growthwell plans to accelerate its business expansion and product development efforts within the region.

Growthwell Foods manufactures plant-based alternatives to meat and seafood. It first started in 1989 with meat substitutes and now focuses on seafood alternatives. It plans to target flexitarians with their seafood and chicken alternatives. Flexitarians primarily eat a plant-based diet while still allowing animal products.

CNPLaw acted with a team consisted of Ken Chia (Picture), Hazel Ho Tsastsina, Sylvia Koh and Lai Zheng Yong. The CNP team was instructed by Mr François Communal, Chief Legal Officer of Creadev, and Mr Alan Zhu, Co-head of Creadev Asia. 

Involved fees earner: Ken Chia – Colin Ng & Partners; Hazel Ho-Tsastsina – Colin Ng & Partners; Sylvia Koh – Colin Ng & Partners; Lai Zheng Yong – Colin Ng & Partners;

Law Firms: Colin Ng & Partners;

Clients: Creadev SAS;

Author: Sonia Carcano