While it was easy to put a tag on various delivery models a few years ago, lines are now blurring.
Indeed, most of the startups may have thought that their solution (meal kit, delivery, full-stack…) was sufficient to cover all of the food needs of their clients. However, each consumer is creating its equilibrium using the diversity of offers available to him (a meal kit for some family meals, grocery delivery, some restaurant deliveries,…). It’s no more war to be your “only source of delivered meals from restaurants” but a war to be your “only source of food”.
In 2018, FoodTech has become even more serious, which will be a record year in terms of investments with huge rounds (and whole lot more Food unicorns). This year was also a decisive tipping point in the way corporates and VCs were looking at the domain. For the later, while FoodTech was mostly a synonym for delivery startups, it is now looked more broadly with interest as a domain with tremendous potential. For food and retail corporates, 2018 has been the year were most have understood that their citadel wasn’t impregnable and that “something is happening”.
Where is France’s FoodTech going? What are the investment and development opportunities?
- figures and analysis: investments and startups creations
- FoodTech categories breakdown
- top deals in France
- the full list of the 635 active FoodTech startups in France
- list of French FoodTech accelerators and incubators
Investment reports (free reports)
We have the tendency to sum up Germany’s FoodTech to Delivery Hero, Hello Fresh and sometimes Marley Spoon. Three startups that have been met with success mostly outside of Germany (in Asia and South America for Delivery Hero, in the US for Hello Fresh and in Australia for Marley Spoon). Hence, it is possible to be quite sceptical about Germany’s ecosystem. However, in this report we were wondering how such world leaders can have been built there and if Germans had a magic equation to build FoodTech Unicorns that could be replicated in other European countries.
Indian FoodTech startups have seen an increase in investments in 2017 ($4.8B, from $288M in 2016) while the number of deals is constant (24 in 2017, from 24 in 2017). The Indian ecosystem is at its beginning and promises greats surprises. However, these key figures have to be analysed and nuanced. Indeed, India counts four big players, Flipkart, Swiggy, Big Basket and Zomato, which represent 93% of the global investments of the country.
This report is based on the study of the 33 FoodTech unicorns founded worldwide since 1998. Combined, they raised $26.6B in private funding since 1998. With more than half the total amount ($16.2B to be precise), the last two years have seen a huge increase. It’s our first conclusion, investors have gone more and more generous with FoodTech leaders.
Data on the investments in European FoodTech startups between 2014 and 2018 (H1) with category, investment type and geographic insights. You will find an analysis of the number of investments and the total amount invested, the most important funding rounds and a study country by country of operating startups and funding rounds.
This report is based on the study of the 400 FoodTech start-ups founded in France since 2013. They have raised €317 million in funding since 2013 with a threefold increase in the amount invested between 2015 and 2016. These last two years were highlighted by the first funding rounds of over €20 million.
For France, which has a reputation as the country of gastronomy and has a number of major food manufacturers and retail chains, FoodTech is a golden opportunity that remains to be capitalised on.
FoodTech events reports
This document is our take on our visit on Seeds&Chips 2019. Being there last year helps to draw a comparison and to see evolutions in the ecosystem. This document is a “spot” review about the event, the startups we met there and the conferences we assisted. Even if not exhaustive, it will give you all the facts you need to can get about the event without getting there.
Seeds&Chips is undoubtedly the biggest European FoodTech summit. It succeeds in gathering corporates, investors, entrepreneurs around a diverse selection of startups and key speakers (this year : Howard Schultz from Starbucks, John Kerry, former US secretary of states).
This document is our first version of the new category of reports we want to make about events we visit and partner with (as it is the case with Seeds&Chips). We want to share our impressions about the event itself, the startups and corporates presenting their innovations.
You are an event organizer and would like us to make a report ? contact us !
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