INSIGHT:
In order to understand how FoodTech is happening (and where) in Europe, we looked at the top countries by investments. The most striking result was not about a singular country but about the continuous rise of the Nordics. Made up of four countries: Finland, Sweden, Norway and Denmark, this area is developing one of the most interesting FoodTech ecosystem in Europe. Taken as a whole, it can only be compared to the British, German and French ecosystems.
Combined these four countries are:
- 4th in Europe in terms of investments
- driven by Stockholm which acts as a hub for entrepreneurs, incubators and investors
- Home a vibrant and diverse ecosystem, made of delivery, foodscience and coaching leaders
LEADING THE DELIVERY REVOLUTION
The top 5 fundings of 2019 in the Nordics are concentrated in delivery startups, all of which are reinventing or challenging established rules in Delivery:
- Wolt, the Finish restaurant delivery startup which is challenging Deliveroo and Delivery Hero in the Eastern part of Europe
- Mathem, a Swedish e-grocery startup
- Kolonial, a Norwegian startup which is creating an online supermarket
- Simple Feast which is reinventing the meal kit offering with vegetarian cooked meals. Active both in Denmark and Sweden, it has raised capital to grow in the US:
- Matsmart, a Swedish e-grocery startup which focuses on surplus products which would have been thrown away
Find out more in our FREE REPORT ON European FOODTECH INVESTMENTS
