With 10 fundraisings exceeding € 5m, the year 2018 shows a real change of perspective for the French foodtech. Ultimately french foodtech startups are expected to have raised more than 240M€ over a year, which is an absolute record and confirms that France is becoming a world reference foodtech ecosystem. This is all the more remarkable as there is virtually no funding in the most active segment of delivery as we can see them in other geographies (Deliveroo, Takeaway, Rocket Internet in UK, Netherlands or Germany).
From what we could gather as information, 43 french foodtech and agtech startups have raised more than 1M € (and certainly more, if we count the unofficial surveys) and on any type of value propositions all along the Food and Ag value chain confirming an undeniable dynamic of entrepreneurship from field to plate. Ag and ingredients startups weight for half of funds raised, followed by restautech startups with 60M€ raised, making this segment an undeniable specialization for France. …
Foodtech has clearly become a new economy with tremendous acceleration in the past year. And if San Francisco used to be the capital city of food innovation, it now is clear that Paris is about to challenge it, for the following reasons.
Any good dish is the combination of a nice recipe, exquisite ingredients and a chef with the know how to cook it. Let’s use this metaphor as a guide to understand France’s secrete sauce to become a leading foodtech restaurateur.
A unique culture of food that takes its roots in the largest variety of produce : where else could you find such a diversity of fruits, vegetables, cereals, fish and meat which are grown over 54% of its territory by 450 000 farmers generating a global revenue of $70B+. Learning how to cope with such richness, we learned how to invent processes like fermentation (which is the essence of our bread, wine and cheese), pasteurisation or sous vide. We aslo developed an indisputable savoir faire in cooking and feeding, but also in inventing cooking utensils, appliances and crockery. …
Boston-based Toast Inc., a startup that makes point-of-sale software systems for restaurants, announced Tuesday it has raised $101 million as it plans to hire 1,000 people nationwide over the next year in a half.
Seattle-based Arzeda has raised a $12 million Series A round to expand the capacity of its synthetic protein and enzyme development operation. The nine-year old company designs proteins for Fortune 500 companies in fields including but not limited to agriculture.
Agriculture-focused innovation accelerator SproutX has partnered with Sydney’s Stone & Chalk for a new hub in Melbourne that combines finance with agri-tech. SproutX will house the hub at its co-working space, which will be centred on exploring how finance technology can solve agriculture issues. …
Plenty said it raised $200 million of Series B financing in a round led by the SoftBank Vision Fund and joined by affiliates of Moore Capital Management founder Louis M. Bacon as well as existing investors Innovation Endeavors, Bezos Expeditions, DCM, Data Collective and Finistere. The indoor farming company described the round as the largest AgTech investment in history.
Deals to private food and beverage companies hit an all-time high of 102 in Q2’17, growing 31% from the previous quarter. …
Macron and Trump may not be aligned on geopolitics nor climate change, but there’s one thing they agree: having a good dinner together.
Food is not only about feed, but also love and share: and here we can all agree on the fact that France has an unparalleled culture to share.
If a good French dish is one of the few subjects which can be uniting us all, France has a very specific role and responsibility in sharing what it will become a key geopolitical and strategic topic for the future of our planet and humanity, with key issues to fix in the near future when it’s about sustainable and qualitative resources, security and traceability, environmental impact but also nutrition and wellness. …
News of the past week about FoodTech
Meal kit delivery services are reinventing the dinner ritual a very good way and, it turns out, pretty healthy.
Meal Kits = Companies that deliver pre-portioned ingredients to users’ doors for cooking meals at home.
ShakeUp Factory is a strategic partner of Future Food Tech. Following San Francisco 2017, we’ll be at Future FoodTech NYC 2017 (June 7-8). Check out our trip to Wageningen, NL and stay tuned !
Future Food-Tech Returns to New York as a Catalyst for Innovation and Investment.
This dynamic and challenging event will focus on the most exciting innovations and pressing challenges in the vibrant food-tech market.
Global food brands, VCs and start-ups will join forces to transform ideas and ambitions into business success.
Global FoodTech is a worldwide tour to dive into the best of Food + Ag Tech innovations. Check out our trips
FoodBytes! is the San Francisco pitching format for matching innovative and ground-breaking concepts in food and agriculture with the capital needed to bring it to market.
F&A Next will focus on the dynamics in agriculture and the gradual shift to ‘smart’ farming, addressing the requirements of global farmers, innovators and investors.
Food Valley NL delivers opportunities and inside knowledge for agri and food business. …