NEW REPORT: Asia-Pacific agrifoodtech funding recovers with 38% YoY increase to $4.2bn so far in 2024

The Asia-Pacific (APAC) agrifoodtech environment has actually tape-recorded a remarkable recuperation until now in 2024 with start-ups in the area elevating some $4.2 billion, a 38% year-over-year rise, despite international market headwinds that have actually tormented the financial backing market writ huge.

That stands for some 31% of the international agrifoodtech financial investment landscape, up from a 26% standard over the previous ten years, according to a new report from agrifoodtech financial investment and knowledge companyAgFunder [Disclosure: AgFunder is AgFunderNews‘ parent company.]

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India has actually redeemed its setting as the best-funded APAC nation for agrifoodtech, attracting $2 billion until now in 2024, nearly fifty percent of the area’s overall. eGrocer Zepto added dramatically to India’s overall elevating some $1 billion across two late-stage deals until now this year.

Regardless of going down to 2nd area, Chinese agrifoodtech start-ups increased 18% greater than in the very same duration in 2023 throughout 230 bargains.

Japan published a remarkable rise in financing, climbing up 3 places to 3rd area with some 58% even more financing year-over-year.

Agrifoodtech financial investment in APAC by nation in 2024 until now *

With $1.5 billion throughout 101 bargains, eGrocery was the top-performing AgFunder group of the year, plainly pressed by Zepto in India however likewise by restored excitement for the market in China, where start-ups increased over $300 million.

Upstream of the supply chain, Bioenergy & Biomaterials drew in one of the most financier rate of interest, in spite of a 46% year-over-year reduction in moneying to $475 million.

Obvious Chinese task improved the Ag Biotech group, which until now this year has actually brought in over $390 million in financing, publishing a 30% year-over-year gain throughout 86% even more bargains.

Midstream Technologies likewise increased 88% even more year-over-year.

Agrifoodtech financial investment in APAC by group in 2024 until now *

* since October 31, 2024

In regards to maturation, seed phase bargains have actually increased 13% even more financing year-over-year however throughout less bargains. While Collection A rounds increased nearly 52% even more funding throughout 90% even more bargains year-over-year. Late-stage rounds increased 133% even more with a matter of 44 bargains, greater than double the 17 tape-recorded in 2015 over the very same duration.

The record was finished many thanks to sustain from AgriFutures (Australia) and Omnivore (India), along with information collaborations with Beyond Next Ventures in Japan, Bits x Bites in China, and Sopoong Ventures in Korea.

Download the report in full – and for free – here.

APAC agrifoodtech financing by the numbers

$ 4.2 million: overall financing increased until now in 2024 (throughout of October) in Asia Pacific, a 38% rise on the very same duration in 2023

31%: Asia Pacific’s share of international agrifoodtech financing in 2024 until now, up from the 10-year standard of 26%

$ 2 billion: India’s financing in the year until now; the sub-region of South Asia (consisting of India, Pakistan and Bangladesh) is currently up over 100% from FY 2023

$ 1.5 billion: increased by eGrocery, once again the biggest group by overall financing until now in 2024, due in huge component to some $1 billion of financing for India’s Zepto alone

over $1 billion: increased by India-based eGrocery Zepto increased throughout 2 late-stage rounds in 2024

$ 578 million: financing in Midstream Technologies start-ups increased until now in 2024, a 88% year-over-year rise

$ 475 million: overall financing in Bioenergy and Biomaterials, the greatest upstream group in 2024, in spite of a 46% year-over-year reduction

$ 459 million: increased by Ag Biotech start-ups, publishing a 30% YoY gain, throughout 86% even more bargains (67 )

265: bargain matter for s eed phase financial investment in 2024 until now. That made up 43% of the overall APAC bargain matter

The article NEW REPORT: Asia-Pacific agrifoodtech funding recovers with 38% YoY increase to $4.2bn so far in 2024 showed up initially on AgFunderNews.