Berlin – While working at SMP, members of the YPOG team advised Timo Recker's new FoodTech startup Next Gen Foods on its financing round. The total volume amounts to USD 10 million. In addition to Temasek, K3 Ventures and EDB New Ventures, an investment arm of the Singapore Economic Development Board, the Metro Group also participated in the round through its NX Food Hub. It is one of the very rare early-stage investments of Temasek as the Singaporean state investor usually invests in "growth companies" at later stages. Next Gen Foods says that it will use the capital raised to drive regional expansion, in particular in light of the envisaged product launch in restaurants starting in Singapore from mid-March this year.
Next Gen Foods received legal advice from a team led by partner Martin Schaper together with Martyna Sabat and Matthias Kresser. Rajah & Tann Singapore's partner Terence Quek together with the associates Yong Chang Ling and Therese Ang advised Next Gen Foods on the transaction as local counsel.
A team led by partner Martin Schaper had already provided comprehensive legal and tax advice to the founder and former CEO of LikeMeat, Timo Recker, as well as the Recker Holding GmbH on the sale of its 49% stake in LikeMeat to The Livekindly Company, Inc. ("LIVEKINDLY Collective"). In addition, the law firm supportet Timo Recker on the entry into LIVEKINDLY Collective during the USD 200 million "Founders' Founding Round". As a member of the "Founders' Board", he supports the global food company with his comprehensive industry expertise.
Next Gen Foods
Next Gen Foods is a food technology startup that produces plant-based meat products. Headquartered in Singapore, Next Gen Foods uses its established technology and large network of specialists to develop plant-based meat products that are tailored to the local tastes and preferences of the diverse populations living in Singapore. Founded by former CEO and founder of LikeMeat Timo Recker and co-founder Andre Menezes, Next Gen Foods is backed by a team with strong experience in food technology and alternative proteins.
Advisors Next Gen Foods:
Dr. Martin Schaper (Corporate), Partner
Dr. Martyna Sabat (Corporate), Associate
Mattias Kresser (Corporate), Senior Associate
About us
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
