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- Today’s Food System Can’t Get Us to Tomorrow — Alternative Protein Innovation and Collaboration Can
- A Fast-Changing Industry Means Greater Opportunity for Women in Agtech
- Global Startup Sub-Sector Analysis
- Global Agtech & New Food Ranking: Top 25 + 10 Runners-Up
- Global Agtech & New Food Trends
- Agtech & New Food Ecosystem Players
- Top Five Ecosystems by Region & Ecosystems to Watch
- Ecosystem Pages
- Methodology & References
Global Agtech & New Food Ranking: Top 25 + 10 Runners-Up
- The top five Agtech & New Food ecosystems are Silicon Valley, New York City, London, Tel Aviv-Jerusalem, and Denver-Boulder. The Colorado ecosystem vastly outperforms its overall ranking in the GSER 2021 (#27) due to its concentration of specialized Agtech talent and startups.
- North America and Asia dominate the top 25 Agtech & New Food ranking, with 48% and 20% respectively. Europe has four ecosystems in the top 25, Oceania has two, and MENA one.
- The amount of Series B+ deals in Agtech & New Food worldwide rose from $3.8 million in 2017 to $11.5 million in 2021. North America accounted for 70% of Series B+ deals in 2021.
- Due to shifts in consumer behavior and rapid innovation in the sub-sector (including pandemic-driven changes), the share of food and grocery delivery deals has climbed steadily in recent years. In 2021, delivery accounted for 11% of the $1.6 billion invested in Agtech & New Food, up from just 2% of total dollar amount invested in the sub-sector in 2017 and 6% in 2020.
- Non-cultivated alternatives to meat overtook cultivated meat in terms of amount invested at the seed stage for the first time in 2021, suggesting increasing early-stage innovation in the field.
Global Top 25
Among the most striking findings of the Global Agtech & New Food Ranking is the presence of Denver-Boulder in the top five ecosystems. The Colorado ecosystem ranks #27 in the world overall but #5 in Agtech & New Food, a reflection of its specialized knowledge and focus on the sector. Tortuga AgTech is just one example of the ecosystem’s relevant success stories – the Denver-based startup creates robots that perform labor-intensive agricultural tasks and has raised $28.6 million to date.
USA’s Research Triangle is another example of an ecosystem that ranks higher in Agtech & New Food than overall – it tied at #36 in the GSER 2021, but is at #10 in this sub-sector due to its talent, startup experience, and performance. One noteworthy example based here is biotech startup BIOMILQ, which produces human milk outside of the body. It raised $21 million at Series A in October 2021.
Similarly, São Paulo tied at #31 in the GSER 2021, but comes in at #18 in Agtech & New Food due to the ecosystem’s relevant experience and funding. A number of startups here are revolutionizing traditional agricultural supply chain structures and related financing, including Agrolend, which provides accessible credit for small-scale farmers, and Pago Rural, an inclusive lending and payment platform for producers and distributors.
The ecosystem ranking is a weighted average of the following factor scores:
- Performance: 25%
- Funding: 20%
- Startup Experience: 15%
- Knowledge: 10%
- Talent: 5%
- Focus: 25%
The success factors are weighted by the above percentages to establish the overall rank of each ecosystem. See the methodology section for more detailed information.