For many foodtech startups 2024 has been a year of resilience and confidence, a time when they managed to win investors’ trust and secure new funding despite an ongoing credit crunch. Here are the top 15 foodtech deals of the year.
Ag biotechnologies and robotics are two segments that have shown significant resilience in 2024 and attracted large deals.
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
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“This is the culmination of seven years of R&D to get expression levels to a point where the science and the economics make sense,” says founder and CEO Magi Richani.
The ROI for customers is “about reducing food waste, opening up new markets, and having food that is fresher and tastier,” says the Singapore-based startup.
Eion calculates the carbon dioxide removed from the atmosphere through its mineral weathering process by measuring trace elements in the soil such as magnesium and nickel.
Rich in protein, fiber and lutein and low in immunogenic gliadins, Tritordeum has exciting properties in baking and brewing, claims Vivagran.
The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
After a fun—but not very lucrative—few years working on driverless cars in India, Kumar Ranjan turned his attention to a very different industry: farming.
The luxury EV convertible deploys MycoWorks’ biomaterials in the charging mats on the console, the door map pockets, and custom accessories.
When it comes to methane emissions, most people think of oil, coal, gas and burping cows, says Louise Parlons Bentata at UK-based startup Bluemethane. What they often forget, she says, is water.
Cromatic’s cloud-based vendor discovery platform hosts the largest curated database of global CROs and CDMOs in the life sciences industry, claims the California-based startup
AgFunder’s head of engineering Robin Ranjit Singh Chauhan quizzed founders from three portfolio companies at this year’s AGM to explore how they are harnessing artificial intelligence.
“Meat alternatives don’t taste good enough, and it’s the key reason consumers don’t repeat purchase,” claims cultivated fat co Hoxton Farms.
A metabolite of caffeine, paraxanthine (Px) delivers what most people want from coffee, without the jitters, sleeplessness, and anxiety, claims Rarebird.
“What we’re doing is taking out the sugar and replacing it with ketones, which are a better source of energy,” says cofounder Karishma Thawani.
Atomo—a startup behind the ‘world’s first beanless espresso’—has opened a 33,547sq ft roastery in Seattle capable of producing four million pounds of ground ‘coffee’ a year from upcycled date pits.
“In 2016, I spoke to a lot of investors that said, ‘Why would anybody produce casein in plants when you can easily do it via precision fermentation?’ The same people are now coming back and saying, ‘Actually what you’re doing makes a lot of sense,'” says Alpine Bio founder Magi Richani.
While a fair amount of work has gone into research on salt tolerant rice, there are “not many valid commercial options on the wheat side,” claims OlsAro.
