Some $9.2 billion dollars was invested in agrifoodtech ventures in Europe in 2021.
Similar to the global agrifoodtech scene, investors mostly backed online grocery ventures and other asset-light downstream technologies. European e-Grocery startups raised $4.2 billion, representing 43% of Europe’s total agrifoodtech investment capital and a 1,300% year-over-year jump.
Where did the rest go?
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Of the $2.2 billion dollars invested upstream - in the supply chain and on the farm - Novel Farming Systems received the most amount of investment with nearly $1 billion. After that was Innovative Food with $600 million of investment and then Ag Biotech with $400 million.
Aside from eGrocery, Cloud Retail Infrastructure startups raised just under $1 billion to support the at-home dining trend.
As an addendum to this report this year, we partnered with Invest-NL to look at how much of the year's funding went to climate-related startups: just 27% went to climate-impacting ventures mostly in Novel Farming Systems and Innovative Foods.