Dealroom.co data reveals Asian foodtech firms raised $16bn of $41.5bn global 12-month investment total
Data platform Dealroom.co has reported that Asian start-ups raised the most capital via foodtech investment in 2021. Companies across the continent secured $16 billion during the 12-month period, while US and European companies raised $14 billion and $9 billion respectively.
According to the data, investment in the food industry reached $41.5 billion in 2021, including Pre-seed and later-stage investments of over $250 million.
Delivery and logistics companies accounted for 73% of all capital raised in Europe last year, while the global figure was 43%. Late-stage investments dominated, making up 44.8% of all foodtech funding in 2021.
Dealroom said up to $131 million had been invested into Pre-seed rounds, while $803 million worth of investment had funded Seed raises.
Unsurprisingly, venture capital dominated foodtech investment with VCs accounting for $25.1 billion of the overall total in 2021.
The Dealroom data also reported $318 million of foodtech investment has already been raised by eight start-ups in the first six days of 2022.
The latest deals include a $120 million round by Israeli precision fermentation start-up ReMilk led by Hanaco Ventures.
Precision fermentation was a leading category for foodtech investment in 2021, data from industry advisory Food Strategy Associates revealed last year.
Date published: 6 January 2022