25 Feb 2021 --- Agri-food-tech start-ups raised US$26.1 billion in 2020, according to the venture capital firm AgFunder. This 15.5 percent year-over-year increase is anticipated to balloon to more than US$30 billion as new deals come to light. Much of the increase was due to significant growth in late-stage deals, where the report’s analysts saw investors doubling down on their existing portfolios and bank on the boom in plant-based innovations, the rising “eGrocery” phenomenon and cloud retail technologies. The newly unveiled 2021 AgFunder AgriFoodTech Investment Report highlights an influx of stateside investment, with a loss in China’s market share in deal activity terms.
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