Global investment in agriculture and food technology startups reached $US26.1 billion in 2020, a 15.5 per cent year-over-year increase, according to new analysis by AgFunder. Investors are looking further upstream and supporting more farming and food innovation than ever before, as COVID-19 highlighted the importance of resources and supply chains.
Venture capital investment in agriculture and food technology fell significantly last year, according to investment data analysis by a global VC firm released this week. But Australia bucked the trend, recording a US$90 million increase in funding in 2019. Globally, investment in foodtech and agtech startups reached US$19.8 billion across
Last year Chinese Agrifood startups raised $1.8 billion in 177 investment deals, according to new research from Agfunder. The majority of the investment occurred at the consumer end in the “eGrocery” segment. Agrifood refers to the food and agriculture industry, globally a multi-trillion dollar industry and the worlds largest employer.