DigitalFoodLab Global Foodtech Investment Report 2024 now available
💰 In 2023, foodtech startups globally raised 15,1 billion USD in funding, marking a 48% drop compared to 2022 and a staggering 72% decline from the 2021 peak. In the first half of 2024, 7,9 billion USD was invested in foodtech, which may indicate the first signs of a rebound.
Moreover, the first half of 2024 saw a significant decrease in early-stage investments. The nominal rebound observed in the first half was therefore driven by later-stage transactions. The persistence of this trend could be concerning, as early-stage investments are crucial for the development of a healthy ecosystem.
It’s also worth noting the funding structure across different foodtech categories. Historically, food delivery startups have been the backbone of the ecosystem, but in 2023, they had the lowest relative share – only 21% of the funds invested in foodtech startups went to companies involved in food delivery.
1 000 000 PLN for sustainable food production from ING
🏆 Do you have an innovative solution that supports sustainable food production? Join the 6th edition of the ING Grant Program! A prize pool of 1 000 000 PLN awaits startups and young scientists who are ready to make the world a better place!
If your ideas can contribute to a more sustainable future, don’t wait – submit your solution by October 10th, 2024.
News
🧀 This fall, SERio will be available in one of Poland’s largest retail chains. At the same time, it is seeking funding to launch this collaboration into the stratosphere. Founders Monika and Michał have prepared a short teaser to introduce themselves better.
🍞 Rebread wins an industry competition for international startups operating in Spain, #Outgenia. Additionally, it is launching pilot projects for high-protein bread, edible molds on surplus bread, and a ready-to-use bakery mix enriched with its own CrumbsUp ingredient.
💵 PFR Ventures will present their first agreements with Venture Capital funds benefiting from the new FENG program today, Monday, September 16, 2024, at 10:00 in a live broadcast on its LinkedIn profile.
🌱 RoślinnieJemy has launched ticket sales for the seventh edition of the Plant-Powered Perspectives conference, which will take place on October 24th, 2024, at the Targowa Creativity Center in Warsaw. The plant-based category is evolving, and this year, the organizers aim to address the most important innovations, new directions, and challenges facing the plant-based industry.
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