Singapore-based food tech start-up Prefer announced that it has raised $4.2 million in a Pre-Series A funding round, and has commercially launched its new soluble coffee and cocoa powders, aimed at replicating coffee and cocoa at a fraction of the carbon footprint and at lower cost.
Founded in 2022 by Jake Berber and Ding Jie Tan, Prefer provides climate-resilient alternatives for the food products by transforming upcycled ingredients. The company’s process uses fermentation to transform food manufacturing byproducts, such as rice and soy, into flavors and ingredients that replicate the taste and functionality of coffee and cocoa wh…
