Data Snapshot: Asia, LatAm dominate H1 investment into Agribusiness Marketplaces
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
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.
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.
While mega-deals involving seven Chinese e-Grocery startups accounted for $3.8 billion of H1’s figure, funding to other countries is still on track to outpace 2020 levels, according to the latest data from AgFunder.
The State of the Agrifoodtech Union.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
AgFunder’s 2021 Farm Tech Investment Report, released earlier this month, showed that Ag Biotechnology deals increased 58% year-on-year.