Trendlines receives conditional commitments of up to $30.3 mil to drive expansion strategy
Uma DeviPublished on Tue, Sep 24, 2019 / 10:17 PM GMT+8
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SINGAPORE (Sept 24): Trendlines Group is set to receive conditional commitments of up to US$22 million ($30.3 million) for its new Singapore-based venture fund, Trendlines Agrifood.
In a filing on Tuesday evening, Trendlines reported the investments were made by parties including Temasek Holdings and Librae Holdings, which is an entity related to property tycoon cum entrepreneur Vincent Tchenguiz and another Southeast Asian investor. The conditional commitment amount includes the investment of $10.9 million from Librae back in July.
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