• Home
  • About Us
  • Anti Spam Policy
  • Contact
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Digital Marketing
  • Latest Tech Updates
    • Laptops
    • Software
    • Graphics
    • Data Recovery
    • Food Technology
    • IT Blog
  • Auto Mobile
  • Personal Tech
No Result
View All Result
  • Home
  • Digital Marketing
  • Latest Tech Updates
    • Laptops
    • Software
    • Graphics
    • Data Recovery
    • Food Technology
    • IT Blog
  • Auto Mobile
  • Personal Tech
No Result
View All Result
Trend n Tech
No Result
View All Result

Worldwide agritech funding surges more than forty% in 2018

Julia R. Williams by Julia R. Williams
June 20, 2023
Home Food Technology

Money piles into the area as conventional agricultural and meals industries come beneath stress
The amount of cash invested globally in agricultural and meal technology jumped via extra than 40 in keeping with cent in 2018, to $17bn, in step with new industry figures.

According to AgFunder, a web undertaking capital platform, the range of deals additionally rose eleven in line with cent yr-on-year, to at least one,442. Nearly half of the fundraising occurred in the US, whilst China changed into the second one-biggest market, accompanied by India.

Entrepreneurs and technology specialists have piled into “agritech” in current years because the agricultural and meal industries come underneath stress from a developing global population, environmental worries, labor shortages, and converting purchaser tastes.

Food Technology

Simultaneously, low commodity expenses and vast technological tendencies, from system gaining knowledge of to fabric technological know-how, are offering possibilities for marketers and investors to reinvent the meals gadget.

S2G Ventures, a project fund focused on investments in meals and agriculture, become the maximum energetic investor inside the region’s final year, with 20 investments, in line with AgFunder.

Sanjeev Krishnan, the handling associate at S2G, stated: “We have by no means seen the tectonic plates shifting as much as they’re now, from the farmgate to the refrigerator.”

Most of the investment recorded with the aid of AgFunder in 2018 went to eating places and grocery transport services, as purchaser call for comfort and on-demand food grew across the globe. Restaurant meal shipping deals nearly doubled at some point of the 365 days, to $three.9bn. Naspers, the South African investor, led a $1bn investment spherical in Indian meals-transport provider Swiggy, even as within the US, SoftBank led a $535m round in DoorDash, the San Francisco-primarily based start-up.

Meanwhile, investments in biotechnology accelerated extra than 50 in line with cent, to $1.5bn, in 2018. Indigo Ag, the Boston-primarily based start-up that connects dealers and customers of plants via a mobile app, raised $250m, bringing its anticipated price to greater than £3bn. Pivot Bio won backing for its nitrogen-solving microbes from Breakthrough Ventures, a billionaire investor syndicate fund with investors, including Jeff Bezos and Michael Bloomberg.

Funding for “novel farming structures,” including indoor agriculture systems and bug farms, dropped, with 8.6 according to cent fewer bucks in financing at $596m.

The innovative meals category, which incorporates opportunity meat, additionally saw funding fall four.7 in keeping with cent to $502m, whilst Impossible Foods, one of the most mature plant-based totally meat begin-ups, raised $114m from traders together with Singapore’s

Julia R. Williams

Julia R. Williams

I love technology, and I love to share what I learn. I write about the latest tech trends, from hardware to software and beyond. My writing has appeared in various online publications and print publications, including PCMag, MakeUseOf, TheNextWeb, and more. I'm based in San Francisco, California.

Next Post
USDA and FDA Announce a Formal Agreement to Regulate Cell-Cultured Food Products from Cell Lines of Livestock and Poultry

USDA and FDA Announce a Formal Agreement to Regulate Cell-Cultured Food Products from Cell Lines of Livestock and Poultry

No Result
View All Result

Latest Posts

Data Recovery Tools – How to Recover Lost Data on PC

Data Recovery Tools – How to Recover Lost Data on PC

September 19, 2023
6 Reasons Your Online Presence Needs a Next-Generation Firewall Protection

6 Reasons Your Online Presence Needs a Next-Generation Firewall Protection

September 15, 2023
Honda Accord Hybrid – The World’s Most Affordable Hybrid Car

Honda Accord Hybrid – The World’s Most Affordable Hybrid Car

September 14, 2023
How to Logout of Amazon App in 3 Steps

How to Logout of Amazon App in 3 Steps

September 14, 2023
17 Inch Laptop Bags

17 Inch Laptop Bags

September 12, 2023

Trending today

  • Monoprice 110010 Review - RTINGS.com

    Monoprice 110010 Headphone Review

    0 shares
    Share 0 Tweet 0
  • Unblocked Games No Flash – Free Unblocked Games

    0 shares
    Share 0 Tweet 0
  • How to Logout of Amazon App in 3 Steps

    0 shares
    Share 0 Tweet 0
  • Dell Vs HP Review

    0 shares
    Share 0 Tweet 0
  • Generation Zero Review: Superb Graphics, Repetitive Gameplay

    0 shares
    Share 0 Tweet 0
  • Home
  • About Us
  • Anti Spam Policy
  • Contact
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

© 2023 TrendNtech - All Rights Reserved To Us!

No Result
View All Result
  • Home
  • Digital Marketing
  • Latest Tech Updates
    • Laptops
    • Software
    • Graphics
    • Data Recovery
    • Food Technology
    • IT Blog
  • Auto Mobile
  • Personal Tech

© 2023 TrendNtech - All Rights Reserved To Us!