€143M invested in Danish FoodTech startups in 2022

  • The Danish FoodTech ecosystem has raised €143M in 2022, with 28 deals. Projections for 2023 are up to €160M invested.
  • Since 2022, investments have been concentrated in AgTech and Food Science startups, especially with ENORM and Agreena, which attracted 53% of the investments in 2022 and H1 2023.
  • The Danish FoodTech ecosystem has two strong assets: public support and its links with Danish universities.
    Public players BioInnovation Institute and the Export and Investment Fund of Denmark are the two leading investors in Danish FoodTech startups.
    There is easy access for startups to strong research activities at universities like Aarhus University – Foulum Campus and the robot cluster around the University of Southern Denmark.
  • Denmark is in the challenger group regarding FoodTech in Europe, with Sweden, Finland and the Netherlands.
  • In terms of investments, Denmark should be in second place among the Nordics in 2023, behind Sweden, and lead the Nordics in terms of the amount invested per capita.

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