Top 20 innovative food startups in 2018
Innovative Food is a category of agrifood tech startups encompassing novel food products and ingredients such as alternative meat – both plant-based and cell-culture-based — insect protein, alternative sugars, and flavour enhancers.
In 2018, the category raised $516 million in funding across 70 deals. While that represented a 2% decrease in investment levels from 2017, the number of deals increased by 140% compared to the prior year. This represents a major shift in momentum from the 23% drop in deal count between 2017 and 2016.
Also, this category contributed some of the year’s largest deals at the early stages marking the capital intensive nature of some of the biotechnological processes used in their development.
Despite being a comparatively small group of startups in AgriFood Tech — a sector that raised a total of $16.9 billion in 2018 overall — the number of innovative food companies has grown significantly in recent years. And the category is dominated by animal-free alternative meat and dairy products, as well as healthy ingredient alternatives.
Here are the top 20 innovative food fundings from 2018: