11:56:33 PM PST - Friday, December 9th, 2022

VCs dish on why food tech investment was so light in Q3, while SAVRpak bags freshness deal with Jüsto  

By Editor - Fri Nov 18, 7:45 am

  • Comments Off on VCs dish on why food tech investment was so light in Q3, while SAVRpak bags freshness deal with Jüsto

Like many other venture-backed sectors in recent months, investment in food tech has largely been quiet over the past few months. Sure, there have been some bigger deals in the third quarter, for example Meati Foods grabbing $150 million for its mushroom root-based meat (still the best alternative protein food photo I have seen since I started covering this sector two years ago). Planted also took in $72 million for its whole cuts of vegan chicken, and Oatside , Singapore’s first oat milk product, raised $65 million. However, for the most part, investment has been down, with PitchBook reporting last week that for the third quarter, there was $2.7 billion injected into 269 deals. PitchBook considers “food tech” to include everything from plant-based products to grocery tech, so it’s a pretty broad definition. The data and research company noted that both investment values and count were down 63% and 28.5% quarter-over-quarter, respectively. And, “deal values declined for the fourth straight quarter, falling to a 10-quarter low, and to levels not seen since Q1 2020.” Ouch.

See original here:

VCs dish on why food tech investment was so light in Q3, while SAVRpak bags freshness deal with Jüsto

  • Comments Off on VCs dish on why food tech investment was so light in Q3, while SAVRpak bags freshness deal with Jüsto

Leave a Reply

Comments are closed on this post.