Food Entrepreneurs’ Post

Private funding for food technology (foodtech) startups in Southeast Asia dropped to an at least four-year low of $21.6 million in 2023 as investors lost their appetite for the sector amid a broader slowdown, reveals DealStreetAsia – DATA VANTAGE’s State of Foodtech in SE Asia 2024.

The seven startups selected for the 1st edition of the FoodSeed Accelerator program, part of the CDP Venture Capital SGR National Network, are finally revealed! 🎉 With funding exceeding €15 million, up to ten startups per year will be selected over three years to boost growth in one of Italy's most important innovation ecosystems, focusing on Sustainable Agriculture, Food and Beverages, and Circular Economy. Foreverland Food, Regrowth, Soonapse srl, Agreen Biosolutions Srl SB, Trusty, Agree NET  , and Hypesound received initial funding, mentoring, and coaching for 6 months of acceleration to drive innovation and sustainability in Italy's agrifood sector. During the #demoday in Verona, the seven finalists were able to showcase their cutting-edge solutions including chocolate alternatives, water stress prevention, and advanced fermentation to a broad audience of investors, corporations, stakeholders, and more. 👏 🍃 FoodSeed receives support from promoters and main investor partners Fondazione Cariverona, UniCredit, and Eatable Adventures, along with corporate partners Amadori, Generali Italia, #axxelera, Veronafiere, and scientific partner University of Verona. The call for startups participating in the 2nd edition of FoodSeed will open in February 2024. 🚀 Read more about their groundbreaking solutions here 👇 https://lnkd.in/dYYvmrNJ

Sustainability and agrifood sectors are leading Singapore's startup ecosystem, performing strongly in funding and incorporations. In 2023, sustainability startups saw more funding events, closing 16 deals from 12 in 2022. Sustainability was also the sole vertical to record a year-on-year (YoY) increase in funding events and amounts since 2021, according to SGInnovate. Average Seed round sizes in the sector have grown by nearly 4x between 2022 and 2023

📢 Tomorrow, join this online #food session and discover 7 Spanish promising #startups including BioMixing S.L., our 2023 Alumnus. Powered by Swiss Food & Nutrition Valley Discover more and register below 👇 💡 The Foodtech ecosystems in Spain 🇪🇸 and Switzerland 🇨🇭 thrive on vibrancy, driven by factors such as quality, #innovation, substantial venture capital investments, and robust government support. These elements collectively contribute to making both countries highly attractive for companies and startups and open up the space for synergies and complementarities. https://lnkd.in/ej3DmP4i

In an article posted on TECH'EU last month, Tamara Djurickovic reports on the top 10 European foodtech industries and why these companies are well worth investigating in 2024. This is based on tech.eu’s annual report, which found that European foodtech companies made over 150 deals, raising over €700 million. Although the total investment does not place European foodtech industries among the top 10 most funded sectors, this industry was among the top 8 securing monetary deals, which according to Djurickovic, makes these 10 companies highly interesting to at least keep an eye on in 2024. These top 10 European foodtech industries include: Umiami, Meatable, Uncommon, BLUU Seafood, GoodBytz, Paleo, Solar Foods, Dreamfarm foods, Nosh, Adamo Foods.  #foodtech #2024opportunities #foodinnovation #startups #futureoffood #venturecapital #innovation2024 https://lnkd.in/e-nZ57QQ

📊 New report on global FoodTech investments by DigitalFoodLab! I am so pleased to share with you our first global FoodTech investments report! We have 4 key learnings: 1️⃣ 72% decline in funding between 2021 and 2023: that's huge and even if we have now reached a low plateau, we are at investments levels comparable to 2016! 2️⃣ Seed investments have decreased dramatically in the first half of 2024. They are only compensated by a handful of megadeals in delivery startups. That would quite bad news for the future of the ecosystem if it were to continue for a long time. 3️⃣ Growing emphasis on upstream and midstream technologies over time: once FoodTech investments were 90%+ delivery. Year over year this figure decreased to reach a bottom low of 21% in 2023. Now, upstream (agriculture) and mid-stream (transformation, alt proteins, new brands) account for a large majority of the funding. 4️⃣ The emergence of the European ecosystem and the relative decline of Asian FoodTech ecosystems: alongside delivery's decline, we observe a decline in funding for Asian startups (at least in relative terms). Also, Europe's FoodTech, which was lagging, is now more and more visible. This are only snippets of the content you can find in this report. You can have a look at it to see where the AgriFoodTech ecosystem stands now and understand where Ag and Food innovation are going. 👉 Link to the full report: https://lnkd.in/dQYT9xY2 #foodtech #agtech #deals #startups #investments

Finally, the seven startups selected for the 1st edition of the FoodSeed Accelerator program, part of the CDP Venture Capital SGR National Network, were unveiled yesterday at the #demoday, in Verona. With funding exceeding €15 million, up to ten startups per year will be selected over three years to boost growth in one of Italy's most important innovation ecosystems, focusing on Sustainable Agriculture, Food and Beverages, and Circular Economy. Foreverland Food, Regrowth, Soonapse srl, Agreen Biosolutions Srl SB, Trusty, Agree NET , and Hypesound received initial funding, mentoring, and coaching for 6 months of acceleration to drive innovation and sustainability in Italy's agrifood sector. During the demo day, the seven finalists were able to showcase their cutting-edge solutions including chocolate alternatives, water stress prevention, and advanced fermentation to a broad audience of investors, corporations, stakeholders, and more. FoodSeed receives support from promoters and main investor partners Fondazione Cariverona, UniCredit, and Eatable Adventures, along with corporate partners Amadori, Generali Italia, #axxelera, Veronafiere, and scientific partner University of Verona. The call for startups participating in the 2nd edition of FoodSeed will open in February 2024. Learn more here ⬇ https://lnkd.in/dSqebmbq

𝗦𝗲𝗮𝗿𝗰𝗵𝗶𝗻𝗴 𝗳𝗼𝗿 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝘃𝗲 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝘁𝗼 𝗿𝗲𝘀𝗵𝗮𝗽𝗲 𝘁𝗵𝗲 𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗔𝗴𝗿𝗶𝗳𝗼𝗼𝗱 𝗦𝘆𝘀𝘁𝗲𝗺! FoodSeed, the Italian Foodtech acceleration program of the CDP Venture Capital SGR National Network, is launching its second edition.  The program promotes excellence and innovation in the Italian agri-food industry. This initiative is made possible thanks to the support of the promoter and co-investor partners: Fondazione Cariverona and UniCredit, the operator and co-investor Eatable Adventures, the corporate partners Amadori, Cattolica Assicurazioni (Business Unit of Generali Italia), Veronafiere, the scientific partners CGIAR Accelerate for Impact Platform and Università degli Studi di Verona This 6-month acceleration program focuses on building solid Italian startups with global ambitions, capable of competing with startups from more developed agri-food ecosystems. In this edition, we're seeking up to ten startups offering cutting-edge sustainable technologies and solutions, ready to revolutionize the entire agri-food supply chain, from farm to fork. Are you a startup ready to make a difference? Find out all the details and submit your application by March 29th! https://lnkd.in/dQhPeMiS #FoodSeed #Agrifoodtech #Innovation #Accelerator #Call4startups #startup

Finland’s foodtech landscape and funding trends unveiled in Tesi’s study Tesi, Finland’s state-owned investment company, has conducted the first-ever comprehensive study spotlighting Finland’s thriving FoodTech sector. This pioneering analysis offers a deep dive into the funding environment, company landscape, and investor dynamics within the Finnish FoodTech ecosystem. Tesi’s study aims to provide an extensive overview of Finland’s FoodTech landscape, focusing on company diversity, funding trends (specifically venture capital and growth equity), and an exploration of investor activities within the sector. Inspired by renowned reports from industry experts like DigitalFoodLab and Forward Fooding, this research focuses solely on Finland’s FoodTech domain, filling a critical gap in the existing analyses. Click the link to read the results: https://lnkd.in/dhTr79ny #nordicmade #finland #foodtech #study #reports #startups #investors #deeptech #trending

Technological innovation in #foodtech offers new ways to create an abundance of affordable food without jeopardising the environment for future generations. These noval #technologies and solutions often come from #startups with revolutionary ideas, which then become #gamechangers in food industry. We have talked to Cintia Nunes, General Manager and Head of Asia of The Mills Fabrica, a collaborative platform focused on accelerating #techstyle and #agrifood tech innovations through its #venturecapital fund, #inncubation programme and more, to find out how #investors measure foodtech companies' potential.