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Covid and the "peak cow" make a boom for food technology and agriculture in 2020.

Mahasiswa Toto

Food and agriculture start-ups raised record $22.3 billion in 2020


Food and agriculture startups raised up to $ 22.3 billion in funding last year, twice as many of these groups raised in 2019, according to a new comprehensive study from Finistere Ventures and Pitchbook The coronavirus outbreak spurred investment in these industries rather than slowing down, according to Arama Kukutai, partner at Finistere Ventures, which has only invested in food and agriculture since its inception in 2005.As people are stuck at home due to health and travel restrictions, the demand for food e-commerce is soaring, such as meal kits and delivery.2020 is the first year since 1994 when restaurants' share of food consumption has declined compared to home," said the Finistere study.

In response to ยิงปลาออนไลน์ these changing trends, funding for food technology is flowing towards related services.Food technology companies have raised approximately $ 17.3 billion from 631 deals this year. Sixty-eight percent of that goes to e-commerce and shipping businesses. Tableware alone raised $ 6.2 billion and e-commerce firm raised $ 5.3 billion in the food technology category. The biggest deal last year was a $ 800 million round of funding for the Chinese group shopping app for groceries Xingsheng Youxuan.The world has also seen how the crisis can disrupt the normal production, processing and distribution of food.

Farmers had to ditch the milk and produce that could not be delivered or stored, and on the other hand, brick-and-mortar groceries had empty shelves after shoppers collected supplies.Kukutai said it has sparked interest in growing food in controlled environments such as vertical farms where yields can be predicted. These indoor farms are often built close to the city center, where produce is consumed a lot.Agtech raised about $ 5 billion from 416 deals in 2020, the top 10 largest deals in agricultural technology, including four rounds for indoor farming businesses ranging from $ 140 million for Plenty to 203 million. Dollar for Revol Greens

Venture capitalists have not always been interested in "agriculture." In the past, the fund viewed these businesses as capital intensive and unlikely to generate substantial returns, although rare exceptions, such as Trinity Ventures' multi-year investments in Starbucks, are not. Before the IPO in 1992In 2011, just $ 3 million of venture capital was awarded to companies in agricultural technology out of 42 inadequate deals and $ 1 million in funding was awarded to companies in food technology in 22 deals.

Topic starter Posted : 05/05/2021 9:31 am