USDA “ought to mirror the DOE” and offer more support to companies seeking to decarbonize the food and agriculture sector, says a new report.
Agrifoodtech investor PeakBridge has closed its Growth Fund II at $187m in partnership with Edmond de Rothschild Private Equity, bringing its total AUM (assets under management) to more than $250m.
The current ‘push for profitability’ is ‘code for surviving in a world where you can’t raise capital,’ says Fall Line Capital: ’But if you drive to profitability with no growth, there’s no value at the end of that tunnel.’
“I think the pain will continue for a while as deals that aren’t performing are price corrected,” says managing partner Lucas Mann. “But I’m still super bullish about this space.”
There’s no way to sugarcoat this: investment in agrifoodtech startups is at its lowest point in six years. But considering the contribution of the agrifood sector to the global economy and livelihoods, has the correction gone too far?
Agrifoodtech startup investment has hit its lowest point in six years as a result of fewer and smaller deals.
GrainInnovate invests in unique startups developing agtech tools that address challenges for grain growers.
AgFunderNews head Louisa Burwood-Taylor on the origins of the now much-used term and how the food and ag industries evolved with it.
Since 2013, investors have poured $1.76 billion into the continent’s agrifood startups, with growth climbing upward much of that time.
Other countries to watch include Colombia, Argentina and Chile, according to AgFunder’s Latin America agrifoodtech investment report.
Despite the overall growth of investment and interest over the past 10 years, funding for agtech remains a small slice of the overall pie.
Tepbac stands out for its unwavering commitment to bettering the lives of shrimp farmers and improving the aquaculture industry of Vietnam.
All continents except Africa recorded an over 30% decline in agrifoodtech investments in 2022.
2023 will be a pivotal year for cultivated meat, as a handful of well-capitalized startups hit the market and early-stage players wait with bated breath to see if consumers are sufficiently enthused to motivate anxious investors to keep funding the nascent space, said investors at the Future Food Tech conference.
While global foodtech investment declined in 2022, foodtech investment in Spain increased 9.3%, says the founder of Madrid-based foodtech accelerator Eatable Adventures.
Tofurky’s new owner Morinaga Nutritional Foods paid north of $50m for the family-owned alt meat brand, one of the leading players in the US meat alternatives market, AFN has learned.
Agtech expert and attorney Roger Royse shares his thoughts on what the agrifood industry should expect as one year closes and another begins.
Led by Swiggy, Restaurant Marketplaces raised $1.95 billion in FY22, scooping up the most funding of any agrifoodtech category.
Mad Capital will use the funding to build up its team as it prepares to expand its “unique capital structure” for farmers switching to regenerative ag.
IPES-Food also suggests building “sustainable food systems” that reduce waste, improve nutrition and bolster the supply chain were also left out.
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