The agrifoodtech ecosystem in Colombia is at a key stage of transformation, says Mila Valcárcel at agrifoodtech accelerator Eatable Adventures.
For many foodtech startups 2024 has been a year of resilience and confidence, a time when they managed to win investors’ trust and secure new funding despite an ongoing credit crunch. Here are the top 15 foodtech deals of the year.
Ag biotechnologies and robotics are two segments that have shown significant resilience in 2024 and attracted large deals.
Investment in Asia biotechnology startups is on the rise, with those operating in the food, agriculture, bioenergy, and biomaterials spaces raising nearly $3.5 billion in the last three years, up over 140% against the three years prior.
With $280 million raised across 93 deals, in 2024 to date the country ranked third in total agrifoodtech funding in Asia Pacific, due to a 58% increase in funding
Support the AgFunder team effort in collecting data for the annual global AgriFoodTech Investment Report, make sure your deals get counted by adding them into CrunchBase.
In 2024 Asia-Pacific agrifoodtech startups have shown resilience against global market headwinds, securing $4.2 billion in funding and 31% of the global investment in the sector this year.
Startups in the Ag Marketplaces & Fintech category have taken the top spot for funding in recent months, bringing in $65 million, or 41% total investment on the continent so far in 2024
Israel-based agrifoodtech startups have closed just 17 funding rounds since the start of the conflict. Raising some $161 million since October 7, 2023, the total is a 72% drop on the same period the year before, and some 73% fewer deals.
While it accounts for a small fraction of global investment in the field, Africa’s agrifoodtech sector is showing mild growth in 2024, with startups raising $145 million in the first half of 2024, a 1.6% year-over-year increase vs H1, 2023.
Surprisingly, despite the consolidation and domination of a few major players, investment in eGrocery startups still represents nearly 16% of agrifoodtech funding in 2024 so far. But does that tell the whole story?
Agriculture-related gene editing startups have raised over $2.7 billion since 2012.
Despite challenges, the agro-carbon services industry has shown a certain degree of resilience in recent months.
Mitigation receives about 90% of global public and private climate financing, which frequently sidelines efforts around adaptation.
Indian startups in the Bioenergy & Biomaterials category including waste-to-value products developer altM raised $14 million in 2023.
A first-of-its-kind report by AgFunder and ISF Advisors, backed by the Bill & Melinda Gates Foundation, highlights the pressing need to invest in climate adaptation for smallholder farmers.
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?
Asia-Pacific Ag Biotechnology startups raised $813 million in 2022, making it the top-funded upstream category for the year.
2022 was a lousy year for agrifoodtech investing, and India was not immune to the headwinds impacting global markets, with funding to Indian startups in the field dipping 33% year-over-year to $2.4 billion, according to AgFunder’s new India AgriFoodTech Investment Report 2023.
Only half of agrifood corps have used startup scouting in open innovation efforts, preferring to collaborate with research, according to new report.
