Food+Tech Connect Agrifoodtech Startup Investment Drops 50%, Ron Desantis and Florida Turn on Cultivated Meat + More

Image Credit: AgFunder News

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Agrifoodtech startups faced a significant setback in 2023 as their investment share plummeted by 50%, comprising only 5.5% of global venture capital funds, down from 6.7% in 2022 and 7.6% in 2021. Meanwhile, in a notable shift, the ‘anti-woke’ agenda in Florida, spearheaded by Governor Ron DeSantis and the state legislature, has taken aim at cultivated meat. As reported by Fast Company, this move has raised concerns within the cultivated meat sector, which relies on capital for expansion, cost reduction, and consumer appeal.

In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share!

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In 2023, agrifoodtech represented just 5.5% of VC dollars across all sectors in 2023 compared to 6.7% in 2022 and 7.6% in 2021.

 

The cultivated meat sector needs capital in order to grow, drive down costs, and attract consumers. A ban in Florida could hurt those prospects.

 

A new study digs deep into the sector’s reliance upon academics and universities to validate its pushback against research linking livestock farming to climate change, and influence government policies in their favor.

 

Whole Foods Market is rolling out its first quick-shop-format store in Manhattan’s Upper East Side later this year called the Whole Foods Market Daily Shop.

 

An intentional choice to grow artisanal fruit rather than leafy greens has allowed the firm to avoid the financial difficulties facing others in controlled-environment agriculture.

 

Studies are finding links between these foods and changes in the way we learn, remember and feel.

 

GLP-1 drugs continue to drive headlines. Here’s a roundup of what we’ve learned so far, from calories to costs.

 

The beverage maker, which is reportedly looking to go public this year, said the $67m in new financing will be used to grow distribution and accelerate product innovation.

 

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