Latin America AgriFoodTech Investment Report 2023
According to AgFunder's and SP Ventures's inaugural Latin America AgriFoodTech Investment report done in partnership with AgFunder, Alianza Team, BASF and Cibersons, Latin America accounted for only 5% of the total global agrifoodtech investment in 2022. However, it is noteworthy that the region witnessed a significant share of 21% in all venture capital investments last year, and this percentage is steadily increasing.
In 2022, Latin America's agrifoodtech startups managed to raise $1.7 billion, which represented a 39% decrease compared to the record-breaking funding of 2021, both within the region and globally. This investment pullback was observed worldwide in 2022. Since 2018, the total funding secured by agrifoodtech startups in the Latin American region has reached an impressive $7.3 billion.
There were categories of agrifoodtech where funding increases bucked the global decline, particularly those focused on bringing farmers and retailers online in an increasing digitization of the region’s food and agriculture industries.
Agribusiness Marketplaces & FinTech startups raised $191 million in 2022, up 73% on 2021; In-store Restaurant & Retail Tech experienced the biggest jump in funding activity, reaching nearly $70 million, a 171% jump compared to 2021; and Conservation/Carbon Tech was a newly-created category that's notable for four large deals helping the region to protect its rainforests.
For more information, download the report here.