After a record 2018, France foodtech prepares for a tremendous 2019 era
2018 has been a record year for French foodtech
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.
In addition let’s also highlight the very notable M&A activity for this year, with a special mention for the takeover of Naturex by Givaudan for € 1,3B this year :
Naturex — Givaudan
QuiToque — Carrefour
FoodCheri — Sodexo
GoCater — EzCater
750g international — Groupe SEB
Adoria — Accor
CookAngels — Norac
Wineadvisor — Leclerc
SoBio — Carrefour and Planeta Huerto-Greenweez (Carrefour)
Let’s also note the record project of Ynsect, which is said to have secured the creation of a mega plant worth 150M€+ next to Amiens
2019 will be bigger for French foodtech
2018 record activity confirms that all conditions are in place to make of France the leading foodtech ecosystem in Europe.
- France already is the most active startup ecosystem in Europe for foodtech with more than 500 active players
- According to our numbers french based investments funds have 750M€ ready to invest in the development of this ecosystem
- FrenchTech and BPIFrance are deploying active support to entrepreneurship like no other country in Europe
- France is also the fertile ground of numerous leading international food brands, retailers, fooservice and hospitality specialists which are now really starting to open to collaboration with new comers
Let’s welcome 2019 with ambition : foodtech is fantastic environment rich in future champions ready to invent the solutions needed to make our future food more sustainable and profitable for all the actors of its supply / value chain.
We at ShakeUpFactory welcome any of the ambitious food and ag entrepreneurs of any country to help them accelerate their market reach ; buidling on our track record and expertise, we also welcome any corporate eager to deploy forward thinking collaboration with the vivid food &n agtech ecosystem of startups which we already support.
Let’s cook the future together !
To learn more about the French ecosystem : https://medium.com/@ShakeUpFactory/why-paris-is-about-to-become-the-new-worlds-foodtech-lab-2ddfc6eaf61f
and for any application, question or contribution, fell free to reach out to us at hello@shakeupfactory.com
