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February 20, 2022 | Tom Ballard

Investments in online grocers and apps and marketplaces lead foodtech sector

Venture capital firms poured more than $39 billion into foodtech companies in 2021, with more than half of those dollars going into two categories: online grocers and apps and marketplaces. That’s according to PitchBook’s “2021 Annual Foodtech Report” that also predicted that momentum for bio-engineered foods, such as plant-based proteins, will continue into 2022 as start-ups create more realistic alternatives to meat and dairy products.

Those interested can download the report here.

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