European agrifood tech start-ups have raised $3.4 billion – for 419 financing operations – an increase of 70% compared to 2019. The year 2020 will be less rosy, judging by the poorer figures for the first quarter when the coronavirus epidemic began to take its toll. In 2019, start-ups along the value chain raised $1.1 billion, an annual increase of 22%. Start-ups working closer to the consumer, including Deliveroo, raised $2.1 billion, an annual increase of 110%. The French company Yinsect, a robotic insect meal manufacturer, received $125 million from the Astanor fund, the world’s largest financing operation upstream of the food chain, excluding the United States.
Source: Ag Funder
