The inaugural Latin American AgriFoodTech Investment Report released by AgFunder, in collaboration with SP Ventures, Alianza Team, BASF and Cibersons, details $7.3 billion of investment in the sector since 2018.
In 2022, agrifoodtech startups, innovating from farm to fork, raised $1.7 billion in funding, an increase from under $1 billion in 2018 but a 39% decline on record-breaking 2021 investment levels, in line with the global venture capital pullback.
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There were categories of agrifoodtech where funding increases bucked the global decline, particularly those focused on bringing farmers and retailers online in an increasing digitization of the region’s food and agriculture industries.
Agribusiness Marketplaces & FinTech startups raised $191 million in 2022, up 73% on 2021; In-store Restaurant & Retail Tech experienced the biggest jump in funding activity, reaching nearly $70 million, a 171% jump compared to 2021; and Conservation/Carbon Tech was a newly-created category that's notable for four large deals helping the region to protect its rainforests.