Monde Nissin chief executive Henry Soesanto has put money into fledgling Philippines bakery, alt-meat business WTH Foods.

Soesanto and Big Idea Ventures – an alternative-protein venture fund and accelerator – have taken part in a seed funding round at WTH Foods, which already markets plant-based meat products, included ground meat and an alternative to canned corned beef, in retail stores.

Manila-based WTH Foods, set up in 2019, said it had raised US$1.2m. Co-founder and CEO Stephen Co added: “This funding will help us accelerate the development of these products and reach more markets across south-east Asia and around the world so people can enjoy popular dishes guilt-free.”

One year from now, the organization is set to another scope of plant-based handled meat items, including hotdogs and lunch get-together meat.

As well as driving Monde Nissin - the proprietor of UK without meat business Quorn Food sources - Soesanto has put resources into a scope of anticipated firms offering options in contrast to conventional meat and dairy items.

Up to this point, Soesanto's ventures incorporate Swedish plant-based cheddar creator Stockeld Dreamery, Singapore cell-based shrimp producer Shiok Meats and Future Meat Innovations, which is creating cell-refined meat.

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