After recording a 750% increase in funding between 2018 and 2022, last year Midstream startups in Africa recorded a 45% drop in funding.
Later-stage deals for food waste startups increased in 2022, while larger platforms are starting to acquire smaller solution providers.
APAC’s premier agrifoodtech event evokeAG brings investors, innovators and others together to address some of the biggest challenges of our time.
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.
As the World Food Prize celebrates the work of 2022 laureate Dr. Rosenzweig and leaders from around the globe convene to discuss the challenges and opportunities of feeding a fragile world, the innovators, farmers and leaders in America’s Cultivation Corridor remain committed to fighting hunger and food insecurity at every link in the food chain.
Vendease is on a mission to be ‘Africa’s Amazon for food vendors’ by automating food supply.
Apeel Sciences and Benchling are among the startups addressing the tools and services needed in the middle of the agrifood value chain.
Tridge, a South Korean B2B platform connecting buyers and sellers of fresh agricultural produce, is doing around $15m in sales per month, according to the company.
Nile, a fresh produce marketplace connecting farmers to enterprise buyers, will use the funds to expand beyond the Southern Africa region.
The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.
The Dakar-based startup is boosting linkages between smallholder farmers and small-scale vendors in Senegal’s informal retail sector.
Food retailers need technologies that can automate the supply chain to minimize disruptions and optimize inventory management.
Fresh off its $110 million funding round, Nigeria’s TradeDepot is pushing the boundaries of digitalization and financing for Africa’s small food businesses and retailers.
Midstream Tech deals increased in response to the problems and inefficiencies in India’s agrifood supply chains highlighted by the Covid-19 pandemic.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
Trella, Capiter, and MaxAB are among dozens of startups that have raised funding of late to overhaul Egypt’s fragmented and inefficient B2B logistics space.
The Singapore-based startup plans to launch into neighboring Malaysia and Indonesia during Q1 2022.
Supply chain, warehousing, and logistics solutions led the investment rounds for Midstream Technologies in the first half of the year.
It links suppliers and buyers of fresh produce across the country, opening up more buy and sell opportunities while also facilitating timely payments.
