1、The State of European Foodtech 2022December 2022Impact startups andventure capital2022January 2023Impact startups andventure capital2022Page/2 Table of contentsGlobal Impact UpdateRegional AnalysisUnicorns and exitsFunds and Investorspage/5page/10page/13page/18Spotlight themespage/20Page/3 Previous

2、reports:Impact Startups 2022State of Impact Startups in the Nordics The energy landscape 2022The Rise of European Climate TechImpact Startups 2022State of Impact Startups in the Nordics The energy landscape 2022The Rise of European Climate TechTo read the report 2021:a record year for impact innovat

3、ion,click herePage/4 Impact is not immune to the global pullback in venture capitalAfter a record year for impact startups in 2021,investment into the impact ecosystem is down 25%in 2022,with$57B raised globally.Yet,Impact funding is holding on better than the broader venture capital ecosystem,where

4、 funding is down 36%in 2022 compared to a global peak in 2021.Impact startups in 2022-what happened?Source:Dealroom.co.Impact appetite and performance vary significantly by geography.The USA still attracts more than half of impact investment.Yet Europe punches well above its weight based on size of

5、ecosystem,and is catching up with the US.In 2022,impact investment in the US fell 36%,while Europes final account for 2022 came in at+1%.Climate Tech dominates the Impact ecosystemClimate tech startups raised$44B in 2022,almost 80%of all impact funding.Overall climate tech funding fell 20%year on ye

6、ar,yet several promising segments registered growth.Circular economy,biodiversity and wind energy are all building momentum into 2023.Content updated1Global Impact UpdateDesign team can help with graphics of the divider slides.Font:Open Sans Bold 30 ptDESIGN CONTENTPage/6 Page/6 Combined enterprise

7、value of impact companies by launch year view online Combined enterprise value of global impact startups decreased by 20%in 2022,but the ecosystem is still up+40%since the close of 2020.$3T$1T$2T$1.4T$2.7T$2.0T2022202120202019201820172016201520142013201220112010Cohorts,by year founded 2015-now$382B

8、value 2010-2014$496B value 2005-2009$346B value 2000-2004$1.1T value 1995-1999$228B value 1990-1994$14B value 2015202120102014 20052009 20002004 19951999 Source:Dealroom.co.Sum of the valuations of startups founded after 1990.Using estimated valuations based on most recent VC rounds,public markets a

9、nd publicly disclosed valuations as of Dec 31,2022.Ready$0-1M(pre-seed)$1-4M(seed)$4-15M(series A)$15-40M(series B)$40-100M(series C)$100-250M$250M+$1.6B$1.1B$0.5B2016201720182019202020212022YTD$1.5B$1.0B$2.0B$0.5BPage/7 Page/7 CompanyHQTransactionSan FranciscoUSA$1.4bGrowth Equity VCShenzhenChinaCN

10、Y8bSeries AStockholmSweden$1.1bConvertibleSan Francisco USA$1.0bSeries ABellevue USA750MLate VCImpact startups raised$57B globally in 2022,down 25%from all-time high$75B in 2021.2022202120202019201820172016201520142013201220112010Cohorts,by year founded 2015-now$382B value 2010-2014$496B value 2005-

11、2009$346B value 2000-2004$1.1T value 1995-1999$228B value 1990-1994$14B value ReadyVC investment in global impact startups view online$80B$60B$40B$20B$33B$57B$0-1M(pre-seed)$1-4M(seed)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+Largest impact rounds in 2022 view online$75BSourc

12、e:Dealroom.co Page/8 Page/8 24%Impact funding is holding on better than the broader venture capital ecosystem.Especially compared to other key industries.ReadyGlobal VC funding by industry in 2022 view onlineVC funding growth by Industry,2021 vs 2022 view onlineFintechHealthtechImpactTransportationF

13、oodtechReal EstateEducation36.0%Total VC fundingFoodtech-44%-39%Healthtech-29%Impact-25%Education-47%Real EstateFintechTransportation-31%-48%$79B$78B$44B$26B$15B$9B$57BHealthtechImpactTransportationFoodtechReal EstateEducationSource:Dealroom.co Page/9 Page/9 The impact ecosystem is maturing.Megaroun

14、ds constitute the majority of rounds.Yet,they dropped by 10%in 2022.Source:Dealroom.co VC investment in impact startups by round size view online46%37%24%25%14%10%6%7%Ready202220202019201820172016201520142013201220112021$0-1M(pre-seed)$1-4M(seed)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+100%

15、80%60%40%20%17%13%2Regional updateDesign team can help with graphics of the divider slides.Font:Open Sans Bold 30 ptDESIGN CONTENTPage/11 Page/11 VC investment into impact startups per HQ region view online68%30%USA attracted almost half of global impact funding in 2022,yet Europe is slowly catching

16、 up.Asia remained steady throughout the pullback.Ready20222020201920182017201620152014201320122021 Rest of World China Asia USAEurope100%80%60%40%20%27%55%8%6%4%35%46%7%6%6%Source:Dealroom.co Page/12 Page/12 Europe view onlineVC investment in impact startup by HQUSA view online2022201720162018201920

17、2020212022201720162018201920202021$20B$15B$10B$5B$25B$20B$15B$10B$5B$25B$0B$0B$20B$19.8B$41B$26BImpact startup investment fell by 36%in the USA in 2022,while Europe registered moderate growth through the first stretch of a global downturn.-36%2022202120202019201820172016$80B$60B$40B$20BReady20222021

18、20202019201820172016$40B$30B$20B$10B$41B$26B-36%Source:Dealroom.co +1%3Unicorns and exitsDesign team can help with graphics of the divider slides.Font:Open Sans Bold 30 ptDESIGN CONTENTPage/14 The number of new unicorns decreased year on year.32 unicorns were created in 2022 compared to 74 in 2021.Q

19、4 saw only 2 new unicorns,down from a peak of 28 in Q3 last year.OxyzoAptos LabTrust MachinesNEAR ProtocolLayerZeroiTrustCapitalPalmpayCointrackerFTX.USNumber of new impact unicorns globally view online 40302050601511284102Q12022Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q120212020201920182017Q2 Q3 Q4141

20、913New impact unicorns in 2022 view online ready30252015105Q12022Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q120212020201920182017Q2 Q3 Q428141115421319Source:Dealroom.co A unicorn is defined as a rapidly scaling company(and tech-enabled)that has reached a$1 billion valuation.More details here.Page/15 Re

21、gionally,Europe created 14 new unicorns,only one less than the USA.Yet,USA has still the highest number of cumulative impact unicorns globally.Cumulative number of impact unicorns view onlineSource:Dealroom.co A unicorn is defined as a rapidly scaling company(and tech-enabled)that has reached a$1 bi

22、llion valuation.More details here.2021 2020201920182017201620152014201320122011201015 Cumulative number of impact unicorns view online 1222215422211114 202220212020201920182015201720162 47 USA&Canada 20 Europe4 Asia USA China United KingdomGermanyFranceCanadaSwedenThe NetherlandsSpainBelgium50403020

23、1015 USA&Canada 20222021202020192018201720162015201447 USA&Canada 20Europe2 Asia4 Asia14 EuropeUSA12222422215ChinaUKGermanyFranceCanadaSweden2The Netherlands1Spain1BelgiumCumulative number of impact unicorns view onlineCumulative number of impact unicorns view online Cumulative number of impact unic

24、orns view onlinePage/16 Page/16 Despite frozen public markets,M&A remained stable between 2021 and 2022 at around 170 transactions.Number of exits by type view onlineContent ready200100Selected exits in 2022 view online2022201720162018201920202021M&A IPO&SPAC-82%300StartupExit RoundValuationFocusSPA

25、C IPO$2BNuclear EnergySPAC IPO 3.1BEV Charging SolutionsAcquisition 700MFood WasteAcquisition$540MSolar EnergyIPO$472-708MFintech for impactAcquisition$225MEnvironmental Intelligence11120177170-4%Source:Dealroom.co M&A IPO&SPAC 202220202019201820172021$300M$200M$100M201611117717020-4%-82%Page/17 Exp

26、lore impact unicorns online.Impact unicorns are being created faster than ever before.Private unicorns New unicorns in 2022 More.Rumoured unicornsDone New unicorns in 2022 Private unicorns Rumoured unicorns More.4Funds and InvestorsDesign team can help with graphics of the divider slides.Font:Open S

27、ans Bold 30 ptDESIGN CONTENTPage/19 Despite the pullback,ever more funds are being raised by impact-focused VCs.Last year 80 new funds were raised by impact-focussed venture investors,an all-time high.300+VC funds focusing on impact investing view online 202220192020202140206080Done41658020806020402

28、01920202021202280654120300+VC funds focusing on impact investing Explore list5Spotlight themesDesign team can help with graphics of the divider slides.Font:Open Sans Bold 30 ptDESIGN CONTENTPage/21 2022202120202019201820172016201520142013201220112010Cohorts,by year founded 2015-now$382B value 2010-2

29、014$496B value 2005-2009$346B value 2000-2004$1.1T value 1995-1999$228B value 1990-1994$14B value ReadyVC investment in global climate tech startups view online$80B$60B$40B$20B$0B$25B$56B$44B$0-1M(pre-seed)$1-4M(seed)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+Top 100 Climate T

30、ech startups to watch view online Climate tech accounts for almost 80%of impact investment.$44B was raised in 2022 by startups transforming every industry,from energy and transport to real estate and finance.$2B2022202120202019201820172016201520142013201220112010$60B$40B$20B$0-1M(pre-seed)$1-4M(seed

31、)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+$2B$25B$56B$44BSource:Dealroom.co Page/22 2022202120202019201820172016201520142013201220112010Cohorts,by year founded 2015-now$382B value 2010-2014$496B value 2005-2009$346B value 2000-2004$1.1T value 1995-1999$228B value 1990-1994$1

32、4B value ReadyCombined Enterprise value view online$80B$60B$40B$20B$0B$25B$56B$44B$0-1M(pre-seed)$1-4M(seed)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+Once an industry barely taken seriously,Circular Economy startups are now worth over$90B.And their combined enterprise value g

33、rew by 6%between 2021 and 2022.$2B202220212020201920182017$80B$60B$20B1900-1989 1990-1994 1995-1999 2000-2004 2005-2009 2010-2014 2015-2021$40B280+Circular Economy StartupsExplore list$90B$85BSource:Dealroom.co.Sum of the valuations of startups founded after 1990.Using estimated valuations based on

34、most recent VC rounds,public markets and publicly disclosed valuations as of Dec 31,2022.Page/23 2022202120202019201820172016201520142013201220112010Cohorts,by year founded 2015-now$382B value 2010-2014$496B value 2005-2009$346B value 2000-2004$1.1T value 1995-1999$228B value 1990-1994$14B value Rea

35、dyVC investment in biodiversity view online$80B$60B$40B$20B$0B$25B$56B$44B$0-1M(pre-seed)$1-4M(seed)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+A nascent biodiversity startup ecosystem is showing green shoots of promise.Funding grew 47%in 2022 for startups supporting a sustaina

36、ble biosphere.$2B202220212020201920182017$0-1M(pre-seed)$1-4M(seed)$4-15M(Series A)$15-40M(Series B)$40-100M(Series C)$100-250M$250M+140+Biodiversity StartupsExplore list202220212020201920182017$300M$200M$100M$295M$201B$111BSource:Dealroom.co Page/24$0-1M(pre-seed)$1-4M(seed)$4-15M(series A)$15-40M(

37、series B)$40-100M(series C)VC investment in wind startups view online Explore 140+wind startups$344MDesign to be checked$134M$81B80%Content doneThe winds of change are blowing for wind energy.Funding momentum is finally building,with record funding in a maturing ecosystem.202220212020201920182017202

38、220212020201920182017$300M$200M$100M$400M140+wind startupsExplore listSource:Dealroom.co Open Alternative protein landscapeDealroom has launched a powerful predictive algorithm to discover the most promising companies-Dealroom Signal.The input for each Signals algorithm includes company growth(team

39、size,product growth),founders strength,completion score and contextual data(does the company fit into segments of interest),timing(is the startup likely to raise their next round soon)and team composition.Weve ranked the top 100 impact startups to watch based on Dealroom Signal:a powerful algorithm

40、helping VCs,Corporates and Governments find the most promising up and coming startups.Top 100 Fintech Startups to watch Top 100 Web3 startups Top 100 insurtech startupsHave also a look at the newly added:Top 100 Impact Startups to watchPage/26 Environmental,Social and Corporate Governance(ESG)REDUCI

41、NG HARMImpactDOING GOODImpact is to have sustainability at the coreIn this report,an impact startup is a company that addresses one or more UN Sustainable Development Goal(SDGs)at the core of its business and the potential to scale.Our litmus test:if you remove the impact,you also remove the busines

42、s.Impact sits within a broader framework of Environmental,Social and Corporate Governance(ESG)which seeks to reduce the harmful impact of business.Our full taxonomy is available at this link.In this report we examined over 13,700 global impact startups.Source:Dealroom.co.Page/26 Page/27 Search engin

43、e,news portalsMessaging apps,personal emailSocial networks,dating,blogging,content creationMusic and video streaming,gamingEcommerce,food delivery,event tickets,local servicesBanking and paymentsRide-hailing apps,navigation,public transportationBusiness team messaging,business emailKakao FriendsKaka

44、oMusicKakao StyleKakaoPayKakao TAgitDaumCafeKakaoTVKakao Talk GiftKakaoNaviKakaoMailDaumMailMelon AztlakMelonKakao ShoppingKakaoMapDaum WebtoonKakaoGamesShopping NowKakao MetroVenture capital methodology and definitions.Startups,scaleups,grownups and techCompanies designed to grow fast.Generally,suc

45、h companies are VC-investable businesses.Sometimes they can become very big(e.g.$1B+valuation).When startups are successful,they develop into scaleups(50 people),grownups(500 people)and result in big companies,like Arrival or Northvolt.Only companies founded since 1990 are included in this report.So

46、urce:Dealroom.co.ValuationThe combined valuation of the tech ecosystem is based on their market cap or latest transaction value.Transaction value is realized from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by Dealroom based on benchmarks.Acce

47、lerators and workplacesFixed-term,cohort-based programs that include seed investment,connections,sales,mentorship,educational components and culminate in a public pitch event or demo day to accelerate growth.We consider an accelerator as an investor since it takes equity from its startups whereas a

48、workplace does not take equity from its tenants.In this report,co-working spaces,shared office space that also offer community support,are considered as part of workplaces.Venture capital investmentInvestment numbers refer to rounds such as Seed,Series A,B,C,.late stage,and growth equity rounds.Vent

49、ure capital investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Buyouts,M&A,secondary rounds,and IPOs are treated as exits:excluded from funding data.Investment rounds are sourced from public disclosures including press releases,news,filings and verified user-

50、submitted information.Venture capital investmentInvestment numbers refer to rounds such as Seed,Series A,B,C,.late stage,and growth equity rounds.Venture capital investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Buyouts,M&A,secondary rounds,and IPOs are trea

51、ted as exits:excluded from funding data.Investment rounds are sourced from public disclosures including press releases,news,filings and verified user-submitted information.Accelerators and workplacesFixed-term,cohort-based programs that include seed investment,connections,sales,mentorship,educationa

52、l components and culminate in a public pitch event or demo day to accelerate growth.We consider an accelerator as an investor since it takes equity from its startups whereas a workplace does not take equity from its tenants.In this report,co-working spaces,shared office space that also offer communi

53、ty support,are considered as part of workplaces.ValuationThe combined valuation of the tech ecosystem is based on their market cap or latest transaction value.Transaction value is realized from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by Dealroom based on benchmarks.