Foodtech Report

Meat alternatives and grocery delivery drive foodtech VC 

VC funding for the foodtech sector declined in Q2, but that doesn’t mean startups aren’t continuing to develop transformative technologies. Online grocery delivery and cultivated proteins marked stand-out categories in foodtech, with $1.2 billion across 31 deals for grocery delivery startups and $129.4 million across 10 deals logged for cultivated proteins, according to our latest Emerging Tech Research. 

Among the sector’s most exciting innovators are companies creating protein alternatives with gas fermentation, where organisms feed on carbon dioxide and hydrogen gases to grow. This environmentally friendly process creates a meat alternative using less energy than raising most other plant-based proteins.