Panelists at the AgFunder 2023 Global Report launch party discussed the challenges for alt protein and eGrocery, and why capital is swimming upstream.
Data Snapshot is a regular AFN feature in which we analyze food and agriculture technology investment data provided by our parent company, AgFunder. Click here for more
Public support from President Xi for cellular agriculture and synthetic dairy last year was a positive move, but China has never been the first one in the world to approve novel agrifood technology, writes Chinese agrifoodtech VC Bits x Bites.
India is by far the region’s most advanced farmtech ecosystem, while a Chinese agricultural drone service raised the biggest farmtech round in 2021.
Investors poured a record-breaking $15.2 billion into Asia-Pacific agrifoodtech startups in 2021; in 2022, the region continues to break records.
The UK alternative protein sector could be a leader but it needs to improve its regulatory process and provide more funding to support its growth.
Neruva Technologies is a Kenyan-based startup that’s leveraging indoor farming to simplify agriculture and bring food production to urban markets.
Both plant-based and cultivated meats are marked as areas for R&D in China’s Five-Year Plan that sets economic goals for the country.
Nigeria’s female-led Traders of Africa is helping facilitate the trade of African sourced produce, bridging the trust divide between buyers and sellers while at it.
Plus: alt-cheesemakers raise new funds, delivery ‘bots head to college campuses, and IKEA strikes a deal with indoor ag startup Infarm.
In 2021, eGrocery dominated dealmaking yet again; but upstream startups vastly increased their share of funding.
Choco became a unicorn with its latest fundraise, Leaft is making protein from leaves, and Alt Farm is 3D-printing waygu beef alternatives.
China’s Furong Xingsheng and rapid delivery services in the US, Germany, and Turkey made eGrocery the most funded agrifoodtech category of 2021.
Rhishi Pethe interviewed 12 agriculture experts from around the world for his new charity e-book. Here are key takeaways from each conversation he had.
Future Crops stands to benefit from Tencent’s deep domain expertise in AI and automation – as well as its massive footprint in the Asian tech ecosystem.
Xi said that China “should shift our focus from farmland only” and use biotechnology to “obtain calories and protein from plants, animals, and microorganisms.”
Cultivated meat and other “future foods” startups raised a total of $127 million in China during 2020.
‘Future food’ is one of several areas outlined in a new document setting out agricultural policy objectives under the country’s 14th Five-Year Plan.
The Shenzhen-based startup is about to open its first commercial-scale factory, which it says will bring prices of its plant-based products below those of animal equivalents.
Many of big deals during H1 involved startups automating simple, everyday tasks within broader agricultural operations.
