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Bean-free coffee startup raises US$2 mil in seed round on grounds of sustainability

Nicole Lim
Nicole Lim • 2 min read
Bean-free coffee startup raises US$2 mil in seed round on grounds of sustainability
The Singapore food-tech startup upcycles bread, soy pulp and spent grain to make a coffee substitute. Photo: Prefer
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Bean-free sustainable coffee startup, Prefer, raises US$2 million ($2.69 million) in its seed round, led by Singapore-based venture capital firm Forge Ventures.

The investment round was joined by 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First and Pickup Coffee.

Prefer, which is available in 12 locations across Singapore, was founded by food scientist Tan Ding Jie and Jake Berber in 2022, to combat the vulnerability of coffee bean farming to climate change. 

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