DigitalFoodLab – Global Foodtech Investment Report, 2024

DigitalFoodLab's first global FoodTech investment report for 2024 provides an in-depth analysis of investments in FoodTech startups from 2014 to the first half of 2024, with a focus on the evolution of the agrifood innovation ecosystem. In 2023, FoodTech startups raised $15.1B, showing a decrease from previous years but a bounce back in the first half of 2024 with $7.9B already raised. Investments in delivery startups, which have traditionally dominated the sector, saw a decrease in 2023 but a rebound in 2024. There has been a shift towards investing in upstream and midstream startups, particularly in AgTech and Food Science focused on sustainability. However, seed investments have decreased in the first half of 2024, potentially affecting the development of a healthy ecosystem. The report also highlights a surge in partnerships between startups and leading companies, especially in AgTech and Food Science, which could be crucial in driving further growth in the sector.