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by Jack Ellis,

Global venture funding across all sectors reached an all-time high in FY 2021, hitting $643 billion in total - nearly double FY 2020's $335 billion and 10x the total a decade ago, according to Crunchbase.

Looking specifically at agtech and foodtech, the doubling trend was pretty much the same: AgFunder's latest annual Agrifoodtech Investment Report recorded $51.7 billion in total worldwide venture funding for startups in these segments in FY 2021, up 85% from $27.8 billion in FY 2020.

Inputting both figures, agrifoodtech ventures secured a just over 8% of total VC funding in FY 2021 - a few points shy of the 8.3% share it enjoyed in FY 2020.

Agrifoodtech's share grows over time

Back in 2012, total VC funding across all industries fell just shy of $59 billion.

Also in 2012 - which happened to be the first year for which AgFunder began collecting data - total agrifoodtech venture funding stood at $3.1 billion.

That's just 5.25% of overall VC investment, compared to over 8% today - indicating how agtech and foodtech have increasingly gained investor interest over the past decade.

Driving factors
All categories within agrifoodtech posted investment gains in FY 2021. The AgFunder-defined eGrocery category raised the most of all, registering 188% year-on-year (YOY) growth thanks largely to four 10-figure rounds.

To read the entire report click here.

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