Today we’re launching our first Africa AgriFoodTech Investment report. It details more than $1 billion in investment in African startups innovating for the food and agriculture industry over the past five years.
Achieving a record-breaking $482 million in 2021 alone – a 250% jump year-over-year – it still represented less than 1% of global agrifoodtech investment.
Given the African continent is home to 16.7% of the global population, and the food and agriculture industries represent a significant part of most African economies, there clearly remains a shortfall of funding on the continent.
The good news is that there’s a growing number of startups closing investment deals, some 272 investors backing them, and the more mature companies are raising bigger and bigger deals.
Thank you to our partners, FMO Entrepreneurial Development Bank and British International Investment for your support in producing our first Africa Investment report.
To obtain a copy of the report click here.