Summary of the DigitalFoodLab Report: Foodtech in Europe 2023
In 2022, investments in foodtech startups in Europe decreased by 36% to 5,9 billion EUR compared to 9,2 billion EUR in 2021. Excluding the heavily saturated delivery segment, the remaining areas of foodtech experienced a 21% increase in investment scale year-on-year. Considering the current market situation, this is very good news.
The number of funding rounds for early-stage startups exploring different areas of the food industry only decreased slightly. The food market still faces many challenges. However, startups seeking second and subsequent rounds of funding had a harder time. In 2022, only 17% of startups managed to secure additional financing (compared to 25% the previous year). In our opinion, this is largely due to the limited number of investment funds operating in foodtech areas other than delivery.
It is worth highlighting the foodtech segments that performed exceptionally well in 2022 – agritech, with a 49% year-on-year investment growth, and supply chain management, with a 263% year-on-year investment growth. For more data, please refer to the report.
Video: Listen to vegan businesses
The Green REV Institute’s video “Listen to vegan businesses” is now available online. In this 30-minute material, the founders of foodtech.ac, Listny Cud, It’s bean, Yoush, and Well Well share their motivations and stories, as well as the challenges and inequalities faced by the 🌱 plant-based food sector in Poland.
Podcast: Foodtech is not that easy
🎙️ Tomek Snażyk from Startup Poland invited Piotrek Grabowski for a conversation about Polish foodtech. It’s a solid hour of knowledge about what we have already achieved in this industry, where we are heading 😎, and the work we need to do to catch up with other leading countries in this field.
or on Apple Podcasts
News from our startups
🍈 Food Jack is partnering with the new Yatta Ramen location in Warsaw’s Żoliborz district – make sure to try their jackfruit ramen.
🥚 myEgg is now available in over 90 Carrefour stores throughout Poland.
🥛 Katarzyna Siczek and Paulina Barros – the founders of It’s bean, talk with Puls Biznesu about the role of beans in the dairy substitute market and introduce Vegan Mayo to their product portfolio – Easter is the perfect time to try it out!
🍹 Poley.me won the Polish Tech Day in Paris, both by the jury’s votes and the audience’s.
🌱 Matylda Szyrle, the founder of Listny Cud, has made it to the Forbes’ list of 23 women worth following in 2023.
🍞 REBREAD talks to THEfirstNEWS about the products they create from unsold bread and the technologies they are working on.
📣 foodtech.ac voiced their opinion in the discussion on alternative protein sources during the meeting of the Parliamentary Team for Environment, Energy.
Food Tech Congress 2023
We would like to remind you about the Food Tech Congress conference, which will take place on 31 May – 1 June 2023 in Warsaw. Among the speakers, you will find investors from foodtech investment funds such as Big Idea Ventures, Five Seasons Ventures, and FoodLabs, representatives from large companies like Glovo and Walmart, as well as founders of foodtech startups from around the world, including Else Nutrition (formerly a startup, now a publicly traded company on the New York Stock Exchange, developing plant-based meals for infants and children), Plantish (an Israeli startup offering a plant-based substitute for salmon), and Meeat (the largest Finnish producer of plant-based meat substitutes).
For our network, we have a 25% discount code: FOODTECHAC25 for purchasing tickets through the website. We encourage you to participate mainly because this is the first foodtech conference in Poland with such a large number of international representatives from the foodtech world.
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