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Foodtech Report

Q3 2022

Foodtech Report

November 7, 2022

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Market volatility catches up with foodtech

Market volatility has finally caught up with venture capital, and foodtech is no exception to investors’ newfound frugality. In Q3, quarterly VC investment in the sector fell 76.9% year-over-year, with only $2.7 billion invested.

However, there are still reasons for optimism, as the US government pumps money into research on alternative food sources and nutrition and retailers pursue automation and ESG goals.

With brand-new segmentation to reflect the rapidly changing industry, our Q3 2022 Foodtech Report details VC activity in the sector and highlights emerging opportunities in plant-based dairy products and sustainable grocery tech. The report also ranks the most active accelerators, PE and VC investors, and strategic acquirers in the foodtech space.


Table of contents
Foodtech VC ecosystem update 3
Vertical overview 7
Q3 2022 timeline 9
Foodtech landscape 10
Foodtech VC ecosystem market map 11
VC activity 13
Emerging opportunities 26
Next-gen dairy 27
Sustainable grocery technology 30
Select company highlights 32
Perfect Day 33
REEF technology 35