Introducing the FoodTech $100 Million Club: levelling up the FoodTech playfield

Over the last decade, AgriFoodtech has accelerated at an unprecedented pace, with startup investment growing five-fold from $7B in 2016 to $30.7B in 2022 (source: FoodTech Data Navigator). In 2021, the sector reached an all-time high of $50 billion, and its share of global VC investments went up to 8% from 5% in 2012.

 

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As the industry continues to expand, the individual companies within it have demonstrated remarkable growth.

Over the last decade, international AgriFoodTech companies have been able to secure record-breaking funding, with more than 300 FoodTech companies raising $100 million or more to date, underscoring the growing appetite for investment in this sector. (Source: FoodTech Data Navigator)

With unprecedented resources at their disposal for research and development, workforce expansion, and even company acquisitions, these players are propelling their growth and becoming outliers in the industry.

Our latest analysis of the FoodTech 500 finalist companies, for example, shows that not only are these finalist companies raising more funds, but also an increasing number of them have crossed the $100 million funding mark over their lifetime.

Between 2019, which marked the launch of the first edition of the FoodTech 500 and today, the number of companies listed in the FoodTech 500 that have raised $100M+ has risen from 1 to 23. Thus, to recognise the companies with a successful track record of fundraising, we are introducing the FoodTech $100 Million Club to level the playing field for future iterations of the FoodTech 500.

The 2022 FoodTech $100 M Club members at a glance

Source: FoodTech Data Navigator

While celebrating the achievements of successful companies, the Club separates them from the early-stage players that are still starting their journeys, enabling us to provide a more accurate representation of companies’ overall performance and success in the FoodTech space. 

With this new classification, we look forward to continuing to recognize AgriFoodtech’s most extraordinary talent, both by celebrating companies that are already making big waves as well as those who are just beginning to transform the future of food.

Learn more about the FoodTech $100 M Club HERE. 

 

Download the official 2022 Foodtech 500 report

What’s next?

Over 2023 we are taking the 2022 FoodTech 500 on a tour. Learn more and register to our next events HERE.

Stay tuned and keep powering the Food Revolution!

Congratulations to all FoodTech heroes

We want to thank all the innovators, inventors, founders and all the people that are working hard to tackle the current food crisis and the challenges of the modern world head-on. While sitting at the intersection of food, technology and sustainability, these entrepreneurs are powered by focusing their attention and efforts on a better future. All of the companies that have made it as 2022 FoodTech $100M Club, in our opinion, entrepreneurial success stories worth keeping an eye on. That is why we have made it our mission to share them with you.

Forward Fooding is the world’s first collaborative platform for FoodTech Data Intelligence and Corporate Startup Collaboration.