Europe AgriFood Tech Funding Report

AgFUNDER and F&A Next released an inaugural European food tech and agtech startup report (2018). Here are some more highlights from the report (link to full report at bottom of page):

  • $1.6 billion of funding in 2018 across 421 deals with 603 unique investors. This represents 9% of global funding.

  • The food tech and agtech ecosystem in Europe is very diverse with a more even spread of funding across tech categories.

  • Upstream startups raised $0.9 billion, a more respectable 13% share of the global upstream total. Upstream includes Ag Biotech, Farm Software, Farm Robotics, Midstream Tech, Innovative Food, Biomaterials, Novel Farming Systems and Agribusiness Marketplaces.

  • Seed stage deals accounted for nearly 70% of deal flow, compared to 55% globally, and 15% of dollars invested compared to just 4% globally.

  • The UK and France lead the way in terms of investment: $388m across 103 deals and $324m across 62 deals respectively.

  • Italy was the third most active ecosystem with 31 deals, the vast majority at the seed and Series A stage.

  • CrowdCube, the UK crowdfunding platform, was the most active investor during the year making 13 bets while French firms followed with bpifrance making 11 and Seraphim 6.

  • The exit landscape was bolstered by the $2.4bn acquisition of French digital livestock technology Antelliq by Germany’s Merck.

Download report at this link (click)