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.
Innovative Food startups garnered $356 million in 2021; much of that went to Singapore alt-protein companies as well as those in China and India.
Apeel Sciences and Benchling are among the startups addressing the tools and services needed in the middle of the agrifood value chain.
Some of last year’s top startups for In-Store Retail & Restaurant Tech are struggling to stay relevant in the current tech downturn.
Bolt Threads leads the category, followed by several other startups developing biomaterials to replace animal- and petroleum-based fabrics.
New York is the most diversified investment landscape with a greater mix of upstream and downstream agrifoodtech startups.
Roughly 70% of German agrifood’s $3.3 billion in funding went to just two companies, both part of the now-struggling instant-delivery sector.
Sustainable Farming is both under-funded and a major opportunity for investors wishing to get involved with climate tech.
Investors should view the current tech industry downturn as an opportunity to funnel more patient capital one area holding strong: climate tech.
Circular economy startups addressing food waste, plastic alternatives and upcycling in Europe’s agrifood sector raised just 2.6% of VC funding last year.
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