Singapore's Prefer Raises Oversubscribed $4.2M Pre-A to Fuel International Expansion

Singaporean ‘bean-free’ alt-coffee startup Prefer to expand into Australia

Singapore-based food tech startup Prefer is expanding into the Australian market after securing its first local commercial partnership. The company has partnered with The Coffee Ferm to fuel its expansion strategy in Australia and New Zealand. As part of the agreement, The Coffee Ferm will license Prefer’s flavour IP to scale local manufacturing and distribution. Founded in 2022, Prefer makes affordable and sustainable flavours and ingredients f…

Singapore's Prefer raises oversubscribed $4.2M Pre-A to fuel international expansion

Prefer, a Singapore-based food tech startup using fermentation to create affordable and sustainable flavors and ingredients, announced Wednesday an oversubscribed $4.2 million fundraising round alongside the commercial launch of its new products: soluble coffee and cocoa powders. The company also announced its first commercial partnerships for international expansion with Ajinomoto Co., (Thailand) Ltd and The Coffee Ferm in Thailand and Australi…

Prefer raises $4.2m, launches soluble bean-free coffee and cocoa powders

Singapore-based startup Prefer has launched new soluble bean-free coffee and cocoa powders to help food and beverage manufacturers navigate higher prices and shrinking supplies of the sought-after commodities. The startup has also raised a $4.2 million round led by At One Ventures and Chancery Hill Ventures with participation from Forge Ventures, taking its cumulative funding to $6.2 million. The round comes hot on the heels of two new commercia…