The Singapore-based startup is on a mission to bring nutritious snacks and cold press juices to more offices and homes

Boxgreen, a Singapore food startup aiming for supply-chain sustainability, has secured an undisclosed round of funding from Octava Impact Investment, Angel Central Syndicate, and existing investors Expara Ventures.

The company said that the funding will be used to accelerate revenue growth and strengthen its sustainable and social effort in the supply and distribution chain. Part of it will also be used for the setting up of a new manufacturing facility in Changi Prison to expand its current operations whilst providing training and employment opportunities to ex-offenders.

Prior to the funding, Boxgreen also acquired Squeezed! Juice, a cold press juice manufacturing brand, in a bid to provide new, healthy, and different offerings to its consumers.

A ​2018 Cone/Porter Novelli study found that 78% of consumers expect companies to do more than just make money; they must positively impact society as well. Boxgreen caught the attention of the investors with the right timing when more consumers in the region are getting conscious about the products that they put into their body, how a product is made, and if the products they consume benefit the community or the planet.

“We continue to see a rising growth year on year of consumers who are looking for healthier and more sustainable ways to consume,” says Walter Oh, Co-founder, and CEO of Boxgreen.

Boxgreen has been around for four years  and it has seen how consumers are increasingly looking for greater transparency in their supply chain for more sustainable options in their everyday lives.

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“There is a clear trend towards sustainability and a shift for companies to look beyond the bottom line, to the impact they make on people and planet,” says Tan Ting Yong, Director at Octava Impact Investment.

Boxgreen said that it manages its manufacturing and operations in-house and makes a conscious effort to create positive social value across its entire supply chain, from a fair and inclusive hiring process to employing people of diverse backgrounds, from vulnerable groups to elderly persons.

Currently, Boxgreen is expecting to complete the building of a facility by the end of the month, with the support of The Singapore Centre for Social Enterprise (raiSE) to scale up the place.
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