Asia-Pacific has long been a hotbed for agrifoodtech innovation; the recent decline in VC funding isn’t likely to change that.
Despite seesawing dollar amounts over the last few years, India agrifoodtech investment is back on par with 2018 levels.
UK agrifoodtech startups raised nearly $400 million across 77 deals, according to the latest data from AgFunder.
California startups raised nearly twice as much funding as the second-largest global market for VC investment in agrifoodtech.
Panelists at the AgFunder 2023 Global Report launch party discussed the challenges for alt protein and eGrocery, and why capital is swimming upstream.
India is by far the region’s most advanced farmtech ecosystem, while a Chinese agricultural drone service raised the biggest farmtech round in 2021.
New York is the most diversified investment landscape with a greater mix of upstream and downstream agrifoodtech startups.
Upstream and downstream investment in Europe agrifoodtech were almost on par with one another last year, though upstream closed more deals.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Foods from the lab, such as cultivated meat, drove a greater amount of early-stage investment in upstream technologies and business models in the first half of 2021.
Upstream categories – that is, technologies and business models nearer the farm or lab – outstripped downstream funding in 2020 for the first time in seven years.
Indian AgriFood Startups Are Innovating to Give Consumers What They Want, and Fix a Broken Industry. Find out more in this first-ever India AgriFood Startup report.
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