The joint vehicle between CJ Group's grain trading subsidiary and KK Fund will back Southeast Asia-based food, agriculture and biotech startups.
Singapore-based grain and agricultural trading group CJ International Asia (CJIA) has teamed up with venture capital firm KK Fund to form a joint investment vehicle of undisclosed size, DealStreetAsia reported today.
Dubbed Hiven, the fund will invest in Southeast Asia-based food, agriculture and biotechnology developers in a bid to bolster employment and economic drive in the region.
CJIA is part of conglomerate CJ Group. The South Korea-headquartered parent firm has already conducted corporate venturing, having participated in funding rounds for…
