Asia-Pacific Ag Biotechnology startups raised $813 million in 2022, making it the top-funded upstream category for the year.
After recording a 750% increase in funding between 2018 and 2022, last year Midstream startups in Africa recorded a 45% drop in funding.
Growth stage startups attracted 28.1% of funding pumped into in Africa’s agrifoodtech ecosystem in 2022 vs 10.3% in 2018, according to AgFunder’s new Africa AgriFoodTech Investment Report, 2023.
Since 2013, investors have poured $1.76 billion into the continent’s agrifood startups, with growth climbing upward much of that time.
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
eGrocery and Cloud Retail Infrastructure continue to lead Latin America agrifoodtech investment, despite the global macro-trends elsewhere.
Novel farming systems present opportunities for India to bolster its food supply in the midst of climate change.
Climate change and the need for efficient and affordable technology for farmers is driving investor interest in India farmtech.
Nordic agrifoodtech startups raised nearly $500 million across 39 deals from mid-July 2022 to mid-July 2023, according to AgFunder data.
Agrifoodtech investment in France surged 39% to $1.3 billion in 2022 against the backdrop of a 46% decline in Europe and a 44% slump in global agrifoodtech funding over the same period.
The Americas and Asia tied as regions with the most ag biotech funding in 2022, with each raising $1.3 billion.
Investment for Australia agrifoodtech dropped 40% year-over-year in 2022, but enthusiasm for climate-focused companies remains robust.
Agrifoodtech investment in Europe fell 46% to $5.1bn in 2022, consistent with a 44% drop in global funding. But there were some bright spots…
All continents except Africa recorded an over 30% decline in agrifoodtech investments in 2022.
California startups raised nearly twice as much funding as the second-largest global market for VC investment in agrifoodtech.
The top 10 climate tech deals in agrifood in 2022 were almost exclusively upstream startups in vertical farming, alternative proteins and ag biotech.
It’s been a tough few months for the alternative protein startup category, particularly companies developing plant-based meat, dairy, and seafood alternatives
The Midstream Technologies category in India saw a 2.5X funding increase in FY22, making it one of the country’s most active agrifoodtech investment areas.
The category’s strong fundraising performance underscores its potential to positively impact Asia-Pacific, especially when it comes to smallholder farmers.
Late-stage deals in the Asia-Pacific region grew by more than 30% in 2021; in H1 2022, the median size of deals dropped for the first time in three years.
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