In the first half of 2023, Asia-Pacific agrifoodtech startups pulled in $2.6 billion, nearly 50% less than in H1 2022. This follows a 58% year-over-year drop between the record-breaking 2021 and 2022.

But the interesting (and good!) news is that investment in upstream agrifoodtech innovations – those operating on the farm and in novel food production – actually increased both in 2022 and during the first six months of 2023.