by Eugene Cheng | Apr 10, 2021 |
Case Study
How Growthwell raised an eight-figure sum from Temasek
Challenges
Innovation sometimes happens before profit
Bringing a never-before-seen meat replacement product into the market and seeking to incept the minds of investors is much easier said than done. On the crux of a breakthrough with Israel company ChickP, the Growthwell team were close to bringing to market the first non-allergenic, cruelty-free alternative. They just needed help to bring that story to life.
Approach
Making the case for chickpeas as meat replacements
Raising purely with IP rights, without profits or any validated proof-of-concept is no easy feat. We worked with the team to isolate their key difference, create a commercial case for the product although the business has yet to generate any revenue at the time of fundraising.
The development and commercialisation of this solution requires a significant runway and cash to burn. Playing up team experience in F&B as well as a logistic network that could see their raw material circulated into restaurants was the best bet to tell a compelling story.
Results
Backed by Singapore’s sovereign fund
Armed with their new story, in an unprecedented seed round, the Growthwell team drew interest from a stable of investors including Singapore’s sovereign fund: Temasek. They raised an eight-figure sum to grow their joint-ventures in Israel as well as to scale production for their chick-pea protein isolate to commercialise within SouthEast Asia.
Seed Round
$11M
in funding
Series A Round
$22M
in funding
“We couldn’t have done it without HighSpark”.
We’re definitely coming back for our next round.
They have a knack for helping us find our ideal story”
CEO, Growthwell, Fundraised $11M from Temasek
by Jannah Jamil | Jan 2, 2019
Case Study
How Glife Raised Oversubscribed Investor Funding Rounds
Challenges
Communicating From The Mind Of A Visionary
Armed with the knowledge and experience of running successful businesses in the past, fundraising is a different ball-game where clarity is king. The founders needed help clarifying their brand story into a simple, persuasive narratives to raise their seed round
Approach
Giving Asia Access To Vegetables On Demand
Glife is a spin-off business from the creators of the very successful vegetarian chain Greendot Group. Justin and Wayne sought to democratise access to vegetables direct from farmers to businesses as well as the public via their e-commerce platform and app.
Results
Backed by leading investors across multiple rounds
We worked closely with them to extrapolate what made their particular solution and brand special. Using visuals and specially worded headlines to showcase their strongest competencies along with their unique farm-to-fork supply chain and logistics network proved to be their trump card helping the team close a successful round raising $1.6M and a follow-up round after.
“How they re-framed our business left us deeply impressed. They quickly understood our business and helped us communicate our unique story. I can confidently say they were instrumental in our successful fundraising efforts.
We’ll definitely come back for later funding rounds – it’s clear these guys know what they’re doing and I’d recommend them any day. “
CCO, Glife Technologies
