Investments are decreasing, but things are still looking quite good for the future of Europe’s FoodTech.

After a boom year, FoodTech investments decreased by 36% between 2021 and 2022. Still, €5.9B were invested in European FoodTech startups in 2022, almost twice as much as in 2019 and 2020.

In such a context, one could think that investments would concentrate in a handful of big and already profitable startups. And indeed many startups without any realistic prospect to reach profitability were left behind. These will have a hard time financing themselves in 2023 and beyond. As some already have, we expect many of them to simply go bankrupt.

On the other hand, the number of deals and the amounts invested in early stage startups decreased only slightly. In short, this means that investments in the « future of the ecosystem » are preserved, with many new ventures being well-financed. Even more importantly, this also means that investors, many of them corporate VCs, are still seeing FoodTech startups as long-term profitable bets.

In this report

This report studies investments in FoodTech startups in Europe from 2014 to 2023 and contents:

• an analysis of the number of investments and the total amount invested
• a breakdown country by country of major deals and funding rounds
• a comparison between the six major categories of FoodTech
• M&A and notable corporate involvement as investors in European FoodTech in 2022

This report was made possible with the sponsorship of Nestlé