At MicroVida-Portugal, we are excited to align our mission with the latest industry trends and insights, demonstrating our commitment to making healthy and sustainable food accessible and convenient for everyone. Here are some key points that deeply resonate with our objectives:
🚀Rising Investments in FoodTech:
In the first half of 2024, there was a notable 20% increase in investments in FoodTech startups, totaling $7.3 billion compared to $6.9 billion in the same period last year. This surge was driven by major deals in cloud kitchens, virtual restaurants, and grocery delivery services.
💡Key Insights and Trends:
1. Return of Mega Deals:
- $700M for Wonder (cloud kitchens/virtual restaurants)
- $665M for Zepto (Indian quick delivery grocery startup)
- $384M for Picnic Technologies (Dutch grocery delivery startup)
- $300M Uber investment in Delivery Hero
2. Emerging Focus on AgTech:
- Increased funding in Bioinputs and AgBiotech.
- While alternative proteins see a decline, other categories like biotech-based agricultural products are thriving.
3. Geographical Shifts:
- North America continues to strengthen its ecosystem.
- Europe remains stable but shows a slight decline in its share of global FoodTech funding.
4. Beyond Startups:
- Publicly traded FoodTech companies increased in value by about 24%, outperforming the general market and even the Nasdaq.
🌿MicroVida's Objectives and Value Proposition:
At MicroVida-Portugal, we are committed to leveraging these insights to drive our mission:
- Making Healthy and Sustainable Food Accessible: Through our cloud kitchens, automated canteens, and a robust e-commerce platform, we connect local producers with urban consumers, providing fresh, healthy, and high-quality meals and fresh products.
- Strategic Partnerships: We seek collaborations with companies producing traditional food or bio food as well as alternative proteins and biotech-based products to expand our sustainable offerings.
- Market Expansion: We explore new markets and innovative solutions to make healthy and sustainable eating a standard everyone can easily follow.
📈 Looking Ahead:
As we continue to innovate and adapt, we invite potential partners, clients, and investors to join us on this journey. Together, we can create a more sustainable and resilient food system, promoting positive impact in communities, producers, and partners.
Let's drive the future of food, one innovation at a time! 🌍
🔗 Read full report at DigitalFoodLab
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