Retail and restaurant tech is a category of agrifood tech startups encompassing technologies and services aimed at making retail food businesses more profitable as well as improving shopper experience at the supermarket, in restaurants and other brick & mortar stores.
Considering Israel’s population of less than nine million, and its geographic size that is not much bigger than New Jersey, the report shows this small Mediterranean nation to be punching well above its weight in agrifood tech.
Networking groups may be a key way to help women landowners and farmers overcome persistent gender barriers particularly when it comes to adopting conservation practices, according to the new research ahead of International Women's Day.
The US restaurant industry alone is responsible for more than 11 million tons of food waste each year, or $25 billion worth of food, and Valentine's Day is one of the industry's biggest nights of the year.
Growing in retrofit shipping containers has received significant buzz over the past five to 10 years as produce is grown hyper-locally on a small footprint. But how viable is this form of growing in the long term?
The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.
The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.
According to the report, some $85 million worth of farmland in its first fund — Vital Farmland LP — generated a financial return of 67%, but also $21.4 million in ecosystem service value, which accrues to the surrounding communities and environment.
2017 was a year of extremes in agrifood tech investing. Large deals pushed the total investment volume up to post an encouraging 29% growth, but deal count fell by 17% to 949, with the most dramatic contraction at the crucial seed stage.
Plant-based protein startups using technology to create and mass produce their products have traditionally received support from a small but dedicated group of investors, which is increasingly being joined by major food and agriculture players as this trend solidifies.
The data used to answer increasing inquiries about the sustainability of large agrifood company supply chains is not keeping up with the pace of demand, leading to figures that are largely theoretical.