While we’re already into the second half of the year, the data from the first half of 2021 is rolling in, and things are looking good for agrifoodtech startups. In H1 of 2021, agrifoodtech startups have so far raised $24 billion globally.
This exciting news comes on the heels of a record-breaking previous year. In 2020, agrifoodtech startups broke records by raising $30 billion. With $24 billion already invested, 2021 is looking to be a great year for this groundbreaking field.
Downstream startups are experiencing a bump in funding so far in 2021. Upstream startups, those who operate closer to the farm as opposed to the consumer, and in which Urban Health Farms falls as an indoor vertical farming company, was the category to break records last year. In H1 of 2021, those companies that interface with consumers downstream are receiving the boost in funding. This surge is driven in part by a handful of large Chinese e-grocery startups, and other late-stage funding in the downstream categories, such as in-store retail and restaurant tech.
In addition, Europe continues to be a hot place for agrifoodtech investments, with 7 out of the top 15 investments by country within the European market.
This data is good news for the entire agrifoodtech industry. As more investments are made into advancing the technology of agriculture and the food industry, we’ll continue to see increasing efficiencies in the technology, furthering progress towards achieving the U.N. Sustainable Development Goals and increasing returns for investors.
Check out our Investment page for more information about investing with Urban Health Farms and joining us in revolutionising the food industry.