G
Growthwell
Vegetarian food solutions company that helps F and B businesses and organizations to get high-quality products
About Growthwell
The story of Growthwell Foods begins not in 2019, but in 1989, when Chou Shih Hsin started a family business in Malaysia to produce traditional Asian vegetarian products. Driven by a desire for a more sustainable food system, he was a pioneer in using ingredients like mushrooms and konjac to create plant-based alternatives. This foundation in traditional vegetarian cuisine set the stage for the company's next chapter. Decades later, his sons, Justin and Colin Chou, took the reins. In 2019, Justin Chou officially re-founded the company as Growthwell Foods, a modern food-tech startup with a new mission: to become Asia's leading plant nutrition company. They shifted the focus from traditional mock meats to developing novel plant-based seafood and chicken alternatives tailored for a new generation of health-conscious and flexitarian consumers across Asia. The pivotal moment for the new entity arrived in 2021. The company secured a major $22 million Series A funding round led by Creadev, with participation from notable investors like GGV Capital and existing backer Temasek. This capital infusion was earmarked to accelerate product development and expand its footprint across the region. The funding followed an earlier $8 million round in 2020 and a strategic investment into ChickP, an Israeli startup with technology for a 90% chickpea protein isolate, signaling Growthwell's commitment to deep tech and innovation.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 1989
- Headquarters
- Singapore, Singapore
- Employees
- 18
- Open positions
- None listed
- Dealroom signal
- 67.4/100
- Industry
- Food
- Sector
- Food, Food Processing, Plant-Based, Alternative Protein, Meat Substitute, Sustainable Development Goals, Climate Tech
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 2 companies, latest Jan 2022
- Capital deployed
- $8M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Sep 2021 | $22M | $88M | Temasek · Creadev · DSG Consumer Partners · Iris Fund | — |
| LATE VC✓Equity / VC | Apr 2020 | $8M | $32M | Genesis Ventures · DSG Consumer Partners · Insignia Ventures · Temasek | ↗ |
Growth signals
Latest recorded traffic for Growthwell is 0 monthly website visits, down 100% over the last three months. Growthwell's team declined 18.2% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Creadev- IFIris Fund
Notable Capital
Series B and later5 investors entered at this stage
Genesis Ventures
DSG Consumer Partners
Insignia Ventures
Temasek- BRBRANDIFY
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Growthwell on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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