With $280 million raised across 93 deals, in 2024 to date the country ranked third in total agrifoodtech funding in Asia Pacific, due to a 58% increase in funding
In 2024 Asia-Pacific agrifoodtech startups have shown resilience against global market headwinds, securing $4.2 billion in funding and 31% of the global investment in the sector this year.
In an interview with AgFunder News YoLa Fresh co-founders explain how their company is addressing key challenges like food waste, inefficiencies in fresh produce distribution, and limited market access for smallholder farmers.
Startups in the Ag Marketplaces & Fintech category have taken the top spot for funding in recent months, bringing in $65 million, or 41% total investment on the continent so far in 2024
Israel-based agrifoodtech startups have closed just 17 funding rounds since the start of the conflict. Raising some $161 million since October 7, 2023, the total is a 72% drop on the same period the year before, and some 73% fewer deals.
While it accounts for a small fraction of global investment in the field, Africa’s agrifoodtech sector is showing mild growth in 2024, with startups raising $145 million in the first half of 2024, a 1.6% year-over-year increase vs H1, 2023.
Global demand for seafood is set to soar in the coming years, yet in the first half of 2024 funding was down 40% compared to the first half of 2023.
Surprisingly, despite the consolidation and domination of a few major players, investment in eGrocery startups still represents nearly 16% of agrifoodtech funding in 2024 so far. But does that tell the whole story?
Agriculture-related gene editing startups have raised over $2.7 billion since 2012.
Despite challenges, the agro-carbon services industry has shown a certain degree of resilience in recent months.
A list of the top seven farm robotics deals so far in 2024, with a bonus look at the most interesting seed stage investments.
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