Data Snapshot is a standard AFN highlight in which we investigate agrifoodtech market investment data given by our parent organization, AgFunder. Downstream agrifoodtech investments outperformed upstream investments in 2021, increasing 124% YOY to $32 billion contrasted with upstream’s $19 billion, according to AgFunder’s most recent yearly Agrifoodtech Investment Report.
That is a change from 2020, when upstream outperformed downstream without precedent for years, raising $15.8 billion contrasted with $14.3 billion, separately. Different billion-dollar adjusts in eGrocery were to a great extent answerable for downstream resurgence in 2021. Data Snapshot More than 70% of adventure investment went into downstream organizations in non-US markets. In the US, upstream and downstream investment was divided into two halves, signaling more development and variety in the US agrifoodtech area.
Data Snapshot “Downstream” alludes to advances and business models that are taken out from the ranch and food creation. Normally, downstream endeavors are buyer facing. AgFunder’s self-defined downstream classes include:
- In-store Retail and Restaurant Tech (Shelf-stacking robots, 3D food printers, POS frameworks, food squander monitoring IoT)
- Café Marketplaces (Online tech stages delivering food from a wide scope of sellers.)
- eGrocery (Online stores and commercial centers available to be purchased and conveyance of handled and natural horticultural items to purchaser.)
- Home and Cooking Tech (Smart kitchen apparatuses, sustenance advances, food testing gadgets.)
- Online Restaurants and Mealkits (Startups offering culinary suppers and sending pre-divided ingredients to cook at home.)
- Cloud Retail Infrastructure (On-request enabling tech for retailers, apparition kitchens, last-mile conveyance robots and administrations.)