Americans could generate more than 300 million pounds of food waste this year as Thanksgiving gatherings resume and aspirational shopping abounds. The carbon footprint associated with that waste is the same as driving 169,000 cars for a full year, according to non-profit ReFed.
Global agrifoodtech funding is still dominated by the US – but a few massive deals in China, India, and other countries are stealing a greater share.
Kenya has emerged as a hotspot for agtech innovation in Africa, developing more than 100 solutions driving growth, productivity and sustainability in the agricultural sector.
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
Novel Farming Systems ventures raised a total of $911 million in funding during the first six months of the year, according to AgFunder data.
Pre- and post-production supply chain processes are already the main contributor to agrifood-related GHG emissions in advanced economies, a new study says.
Supply chain, warehousing, and logistics solutions led the investment rounds for Midstream Technologies in the first half of the year.
The top three destination countries for agrifoodtech investment remained the same in H1 2021 – but there were a few surprises further down the list.
Foods from the lab, such as cultivated meat, drove a greater amount of early-stage investment in upstream technologies and business models in the first half of 2021.
The Food Waste Landscape Market Map, compiled by nonprofit ReFED, spans the entire value chain to help guide the food system with solution implementation.
Chew’s Plant-Based Burger Report Card found the Beyond Burger to smell like “pet food,” while Impossible’s effort is “more reminiscent of liver.”
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.
Tilapia farming can help feed sub-Saharan Africa’s booming population. But investment in everything from basic infrastructure to technology is needed first.
While investment in eGrocery services increased substantially, especially in China, the return of foot traffic to brick and mortar retailers and restaurants saw investment double in technologies servicing them.
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
Carbon credits generated by ag-related projects make up less than 1% of all issued credits, according to data from the University of Berkeley, California.
Startups focused on food and water received more climate-conscious capital than those in any other sector over the past 12 months, according to Climate Tech VC.
Since the start of the year six agtech SPAC deals have been announced – most involving indoor farming or biotech, and all valued at over $1 billion.
The Soil Health Tech Stack illustrates the interdependence of technology, science, and economics in connecting suppliers and buyers of carbon credits and other soil health outcomes.
M&A activity was concentrated in the US, which hosted over half of all deals – with Europe and Asia Pacific accounting for 19% and 11% respectively.
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