Temasek Joins Rize's $31 Million Series B to Cut Methane and Water Use
Updated
Updated · ImpactAlpha · Jul 22
Temasek Joins Rize's $31 Million Series B to Cut Methane and Water Use
3 articles · Updated · ImpactAlpha · Jul 22
Summary
$31 million in Series B funding went to Rize, with Temasek backing the rice-farming startup it helped establish in 2022 to reduce methane emissions and water use for smallholders.
Temasek framed the deal as part of its sustainable living strategy, where S$49 billion, or US$38 billion, is aligned with net-zero, nature-positive and inclusive-growth investments.
Eliza Foo said private capital must fill gaps left by cuts to development funding and foreign aid, while better liquidity and exits are needed to recycle more impact capital into emerging markets.
Temasek still targets net-zero portfolio emissions by 2050, even after saying it will miss its 2030 goal to halve emissions from 2010 levels amid policy shifts and hard-to-abate transition investments.
Singapore's relative stability is drawing impact investors, with Temasek and GIC anchoring a broader ecosystem that is increasingly focused on climate adaptation, sustainable infrastructure and underserved markets.
How did Singapore build an ecosystem that attracts global capital for solving the world's most pressing problems?
Temasek calls climate adaptation the next renewables. What are the key opportunities in this 'less crowded' investment space?
With portfolio emissions rising, is Temasek's net-zero pledge a credible strategy or just ambitious greenwashing?
$31M Series B Propels Rize’s Mission to Transform Rice Farming and Slash Climate Impact in Asia
Overview
Rize has secured a $31 million Series B funding round, marking a major milestone in its mission to make rice farming more sustainable. This investment will help Rize scale its operations and expand its reach, providing rice farmers with tools and strategies to reduce methane emissions and lessen their climate impact. By focusing on these initiatives, Rize is positioned to drive meaningful change in global food systems. The funding also reflects growing recognition from the financial community of the urgent need for sustainable solutions in agriculture, highlighting Rize’s role as a leader in this transformation.