FoodTech is booming in Europe
After a year of stagnation, FoodTech is booming in Europe, in all of its categories (from the future of agriculture to future food products to delivery) and also in most regions. Investments reached €9.5B in European FoodTech startups in 2021. That is 3 times more than the previous year.
Investments in grocery delivery startups are the main contributor to this impressive growth. While a large share of that money went to quick-commerce startups, many other types of startups have raised funding to disrupt the way we think about groceries.
There are now 13 FoodTech unicorns in Europe, twice as many as last year. This increase reflects inflation in the size of the deals and the valuations of startups. We can easily identify 10 to 20 companies that have the potential to become unicorns in the next 12 to 24 months (the third wave of European FoodTech startups mentioned in last year’s report). Moreover, we can spot interesting early stage (and well-funded) European startups in almost all key FoodTech trends. All the pieces are now in place for the development of a successful ecosystem.
Finally, further proof of attractiveness: 2021 was a record year in terms of the number of acquisitions and investments in European FoodTech startups, notably from American companies.
The report is available in English and French (fill the form and both links will appear).
In this report
This report studies FoodTech startups in Europe and contents:
- Investments from 2014 to 2021 and analysis
- A breakdown country by country of major deals and funding rounds
- Trends for the six major categories of FoodTech
- M&A and notable corporate involvement in European FoodTech in 2021
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