| Date | Title | Description |
| 14.03.2024 | Global Agrifood Tech Funding Down by 50% As Deals Become Smaller and Fewer | 6 Mins Read The global agrifood tech financial landscape remains difficult, with funding in the sector down by 49.2% from 2022-23, reaching $15.6B – the lowest it has been in six years – according to a new report by AgFunder.
A lot has been... |
| 23.03.2023 | Data snapshot: eGrocery investment rollercoaster leads to 73% funding decline in 2022, still biggest category | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new r... |
| 16.03.2023 | In a tough year for fundraising, upstream startups ‘solving big problems’ are the most defensible | Disclosure: AFN’s parent company is AgFunder.
“I don’t even remember 2021!” AgFunder partner Manual Gonzalez declared from the stage this week at the AgFunder 2023 Global Report special briefing in San Francisco.
Gonzalez, along with Winnie... |
| 26.01.2023 | Where is China with protein alternative regulatory approvals? | Editor’s Note: Bits x Bites is China’s leading agrifoodtech venture capital firm with technology investments across the globe ranging from gene editing and drone-based imagery to biosynthesized ingredients and alternative proteins. This art... |
| 18.01.2023 | Top 10 alternative protein startups brought in $1.3bn in 2022 vs $2.3bn in 2021 | It’s been a tough few months for alternative protein startups, particularly those developing plant-based meat, dairy, and seafood alternatives (as opposed to those in the cellular agriculture space).
Sure, it’s been tough for startups acros... |
| 21.12.2022 | Shaping the future of agrifoodtech: Add your investments to be included in our reports | It’s the most wonderful time of the year! It’s time for the research team at AFN‘s parent company AgFunder to start compiling its global agrifoodtech investments report, which will be released in early March.
Our reports have been our love ... |
| 23.06.2022 | Mojia Biotech Completes Series B Financing to Advance Manufacturing of Bio-based Materials | SHANGHAI, June 23, 2022 /PRNewswire/ -- Mojia Biotech, a Shanghai-based leading bio-manufacturing company dedicated to sustainable development and carbon neutrality, announced the completion of an $80 million Series B Financing. The funds w... |
| 26.05.2022 | EXCLUSIVE: Moa nets $44m Series B funding to launch the next generation of herbicides | UK-based ag biotech startup Moa Technology has raised £35 million ($44 million) for its latest funding round, AFN can exclusively reveal. It’s aiming to tackle the growing problem of herbicide resistance by taking a new approach to the disc... |
| 18.05.2022 | Data Snapshot: eGrocery still dominates China dealmaking, but upstream tech increases share | This articles features insights from one of AgFunder’s international data partners, who provide data for AgFunder’s agrifoodtech investment reports. AgFunder is AFN’s parent company.
Click here for more research from AgFunder and sign up to... |
| 08.03.2022 | IWD 2022: Celebrating the Queens Of Alt Protein Who Are Forging The Future Of Food | 166
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The two biggest plant-based protein startups in the world are run by men. The majority of the rising cell-based protein startups are also run by men, alongside most of the vegan investment groups that fund them... |
| 15.02.2022 | Beatle backs Tindle in record-breaking $100m Series A round | Next Gen Foods, the company behind alt-chicken brand Tindle, has raised $100 million in the plant-based protein segment’s largest Series A round to date, according to AgFunder data [disclosure: AgFunder is AFN‘s parent company.]
The funding... |
| 09.02.2022 | Data Snapshot: Alt-protein is now in China’s 5-year plan. Here’s how much funding it raised in 2020 | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new r... |
| 14.07.2021 | Next Gen Foods’ tech-inspired, asset-light model just closed plant protein’s biggest-ever seed round | Even before Next Gen Foods secured an additional $20 million in funding this week, it had already raised the largest seed round on record for a plant-based protein startup.
The extension announced yesterday comes on top of the $10 million t... |
| 01.06.2021 | Quorn maker closes slightly down after $1bn market debut; plots US expansion | Shares in Monde Nissin, which owns a number of food brands including alt-protein pioneer Quorn, have closed 0.15% below their IPO price on the Philippines-based company’s first full day of trading.
The stock ended the day at 13.48 pesos ($0... |
| 01.06.2021 | Quorn maker lists at $5bn valuation; plots US expansion of alt-protein portfolio | Shares in Monde Nissin, which owns a number of food brands including alt-protein pioneer Quorn, have closed 0.15% below their IPO price on the Philippines-based company’s first full day of trading.
The stock ended the day at 13.48 pesos ($0... |
| 19.05.2021 | Ondas acquires American Robotics for its ‘rugged, real-world’ drones that can fly by themselves | American Robotics, a startup developing rugged, fully autonomous drones for use in industrial and agricultural settings, has been acquired by wireless tech firm Ondas, the two companies have announced. The terms of the deal, including finan... |
| 27.04.2021 | Brief: $1.3bn Quorn IPO gets greenlight in Philippines | The Philippine Stock Exchange has approved the proposed IPO of local food manufacturer Monde Nissin. The offering is expected to begin late next month with a tentative listing date of June 7.
The Santa Rosa, Laguna-based company – which fil... |
| 13.04.2021 | 2020: The year Chinese agrifoodtech funding headed upstream | Editor’s note: Winnie Leung is vice president at Bits x Bites, an agrifoodtech VC firm based in Shanghai, China. Jack Ellis is Asia-Pacific media & research lead at AgFunder and deputy editor of AFN.
Bits x Bites is an AgFunder data par... |
| 08.04.2021 | Куда идти стартапам в Китае | Одна из крупнейших экономик мира активно развивает собственную стартап-индустрию: за последние 10 лет она изменилась до неузнаваемости. По данным Global Startup Ecosystem 2020, в рейтинге экосистем для инноваций Пекин занимает четвертое мес... |
| 08.03.2021 | IWD 2021: Celebrating the Queens Of Alt Protein Who Are Forging The Future Of Food | 15 Mins Read
Editor’s Note: This list is the result of hours of work, and no doubt we have missed some amazing queens. We will do our best to keep adding. On the startup side, we focused on founders, but many of these startups have incredib... |
| 21.12.2020 | Alchemy Foodtech closes Thai Union-led bridge round, eyes China expansion | Alchemy Foodtech, a Singaporean startup working on novel ingredients that can combat diabetes, has raised a seven-figure US dollar amount in a bridge round led by the world’s largest seafood company.
In a statement, Alchemy Foodtech said th... |
| 03.12.2020 | 6 Alt Protein Female VCs Who Are Changing The Future Of Food | 128
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Faced with the challenge of feeding a planet of 10 billion people in the midst of a climate crisis, it’s never been more crucial for the world to shift towards a more sustainable food system. Making it their missi... |
| 05.11.2020 | Temasek, Monde Nissin CEO Inject Up To US$30M Into US$70M Bits x Bites China Food-Tech Fund | 1
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Chinese food tech venture capital Bits x Bites has announced that it has raised US$30 million in the first close of its US$70 million fund investing in technologies that will help transform China’s agri-food supply cha... |
| 05.11.2020 | Bits x Bites raises $30m for new China fund, backs biotech startup Mojia Bio | Agrifood VC firm Bits x Bites has announced a $30 million first close for its latest fund, with Singapore sovereign fund Temasek among the limited partners backing the new vehicle.
The Shanghai-based firm also revealed its first investment ... |
| 03.11.2020 | Bits x Bites Holds $30M First Close of New Agrifood Tech Fund | Bits x Bites General Partners Matilda Ho and Joseph Zhou
Bits x Bites, an agrifood tech venture capital fund focusing on the Chinese market, raised $30M in the first close of its new $70m fund.
LPs backing Bits x Bites include:
Temasek, a g... |
| 15.09.2020 | China’s consumer digital revolution now reaches ‘back into the supply chain and the farm’: Local VC | The US continues to dominate investment in agritech innovation. According to AgFunder research, US startups netted $8.7 billion in funding across 683 deals last year.
That’s just over a third of all 1,858 agrifoodtech venture deals worldwid... |
| 11.08.2020 | China: Government to Reduce Meat Consumption by 50%, Vegan Market to Pass $12Bn by 2023 | Wet markets in China are constantly under suspicion of creating new COVID-19 hotspots, and this is resulting in a shift towards plant-based alternatives. The South China Morning Post reports that China’s plantbased market is set to reach $1... |
| 01.07.2020 | Beyond Burger arrives in Alibaba’s grocery stores in China | Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks’ plant-based menu. Within weeks, it had also forayed into select KFC, Taco Bell and Pizza Hut outlets — all under... |
| 03.06.2020 | Tropic Biosciences banks $28.5m in Temasek-led Series B for gene-editing, RNAi approach | Losing a crop to a pest or disease is a devastating outcome for a farmer. If that farmer is based in a developing country without the promise of subsidies or crop insurance, it’s even direr. And in a pandemic world where food supply chains ... |
| 28.05.2020 | Food Industry Giants Seeking To Work With Food Tech Startups In China | 14 2
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Chinese food tech venture capital firm Bits x Bites has launched a new platform that will link up food industry giants with emerging startups working on future food solutions for the Chinese market. Dubbed the Chi... |
| 06.05.2020 | 5 Signs Plant-Based Food Tech Investment Is Heating Up Amid Covid-19 Supply Shock | 1
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Startups working on plant-based substitutes for animal products are now raking in capital as investor sentiment for the conventional meat industry goes awry. The coronavirus pandemic has exposed the vulnerability of in... |
| 26.03.2020 | Chinese agrifood startups raised $3.6bn in 2019 as economic headwinds intensified | Editor’s note: Winnie Leung is vice president at Bits x Bites, an agtech and foodtech-focused venture capital firm based in Shanghai, China. AgFunder produces its annual China AgriFood Startup Investing Report in partnership with Bits x Bit... |
| 31.01.2020 | What lies ahead for China foodtech in the year of the rat? | The truce in the US-China trade war came just in time for the Chinese New Year of the Rat.
While the world’s eyes were on the economic fallouts, the Chinese agrifood sector was moving at China’s usual lightning speed. Luckin Coffee—the digi... |
| 05.06.2019 | China State-Owned Food Group COFCO Partners with Bits x Bites to Accelerate Food Tech Innovation | COFCO, China’s state-owned and largest food processor, manufacturer, and trader of rice, oil, corn, sugar, and other staples, has partnered with Chinese food tech venture firm Bits x Bites via its Nutrition and Health Research Institute (CO... |
| 07.05.2019 | Coca-Cola, Danone, Louis Dreyfus Among 10 Multinational AgriFood Corps Joining China Food Tech Hub | Chinese food tech VC Bits x Bites has created The China Food Tech Hub, a new model to foster cooperation between startups and corporations in collaboration with a multinational consortium of biotech firms, agricultural processors, flavor ho... |
| 02.05.2019 | Chinese AgriFood Startups Raise $5.8bn in 2018 as Digital Penetration & Consumer Fragmentation Drive Growth | With the largest population in the world and as one of the largest agricultural economies in the world, China represents a major opportunity for startups and investors alike.
Chinese agrifood startups raised $5.8 billion of investment acros... |
| 29.04.2019 | China’s AgriFood Startups Raise $5.8 billion in 2018 as Ecosystem Rapidly Matures | Investments in China’s AgriFood startups continue without any sings of slowing down. AgFunder, the online AgriFoodTech Venture Capital Platform, has just released the 2018 China AgriFood Startup Investing Report in collaboration with Chines... |
| 13.02.2019 | 60 AgriFood Tech Startups Nominated for 2019 AgFunder Innovation Awards – Vote Now! | *VOTING EXTENDED UNTIL MARCH 1, 9AM ET!*
We’re very excited to open our Third Annual AgFunder AgriFood Tech Innovation Awards, where we recognize the innovators and entrepreneurs driving the agrifood tech sector forward.
Our nomination comm... |
| 12.11.2018 | Gastrograph AI Closes $4m Series A to Predict Consumer Flavor Preferences of Food & Beverages | Gastrograph AI, a predictive analytics technology for food and beverage companies, closed a $4 million Series A round of funding last week.
Gastrograph collects data about how people perceive flavors and with machine learning algorithms can... |
| 04.10.2018 | Food Tech Investors Need to Look at the Farm to Transform Industry in China, says Temasek MD. | Editor’s Note: Bits x Bites is China’s first accelerator VC to invest in early-stage food tech startups. Built by a former BCG management consultant and founder of a Shanghai-based online farmers market, the program focuses on fostering tra... |
| 25.09.2018 | China’s Tech Giants Drive $1.8bn Investment in Chinese AgriFood Startups – new report! | Chinese AgriFood Startups raised $1.8 billion in funding in 2017, according to a new report from online venture capital investor AgFunder and Chinese accelerator and VC Bits x Bites. The data show at least 198 investors participated in 177 ... |
| 21.06.2018 | Accelerators targeting foodtech companies | They include Good Food Business Accelerator, Land O’Lakes’ Dairy Accelerator and H-Farm
For startups, there are numerous paths for getting their name out there. One way, which Vator has been covering recently, are startup competitions, but ... |
| 13.06.2018 | Tropic Biosciences Raises $10m Series A for Tropical CRISPR Tech | Tropic Biosciences, the UK-based startup using gene-editing technology including CRISPR to optimize coffee and banana crops, has raised $10 million in Series A funding from a global group of ag and biotech investors.
The oversubscribed roun... |
| 02.05.2018 | Tyson Invests in Israeli Cultured Meat Startup Future Meat Technologies | Future Meat Technologies, an Israeli startup manufacturing meat from animal cells in a laboratory, has raised $2.2 million in seed funding, in a round led by Tyson Ventures, the venture arm of the meat giant.
Also investing are the Neto Gro... |
| 27.05.2017 | Ag Industry Brief: Trimble Acquires Precision Ag Co, Accelerator Announcements, Do Food Delivery Drivers Need Food Safety Rules? | Trimble to Acquire Müller-Elektronik to Extend its Precision Agriculture Capabilities
Trimble recently inked an agreement to acquire Müller-Elektronik, a German company specializing in implement control and precision farming solutions. Fina... |
| 19.12.2016 | China is Ready for an Agri-Food Revolution | Editor’s Note: Bits x Bites recently became China’s first accelerator VC to invest in early-stage food tech startups. Built by a former BCG management consultant and founder of a Shanghai-based online farmers market, the program focuses on ... |
| 26.10.2016 | Number of Resources for Food and Agritech Startups Grows | The list of resources for startups in the food and agriculture industry is growing. In August, we reported, along with AgThentic and AgInnovation Development Group, that there were 77 programs — from accelerators to incubators to pitch comp... |
