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.
