1、Asia-Pacific AgriFoodTechInvestment Report 2022ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM01Asia-Pacific agrifood investing in 202202Key Insights03Our partners04Investment highlights05Thai Wah 06Investments by categoryFeaturing startup spotlights-Ai Palette,Mayani,Tepbac,Green Rebe

2、l Foods and Singrow07Investments by stage08Investments by countryFeaturing startup spotlights-Aquaconnect and Lyro09Top investors10AppendixContentsASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMAsia-Pacific agrifoodtech investing in 2022Today Asia-Pacific generates roughly 30%of global

3、 agrifoodtech financing activity.But given estimates predict the region will account for 60%of global consumption by 2030,we need much more investment and industry development.As a region thats home to some 450 million smallholder farmers contributing up to 80%of its food supply,its important that t

4、echnology development and investment is channeled to delivering solutions that cater to the needs of this user base.The good news is that investment in the regions foodtech and agtech startups broke records in 2021,reaching$15.2 billion,and if you exclude China data where financing has pulled back s

5、ignificantly it increased 15%during the first half of 2022 compared to H1-2021.India has now overtaken China as the regions biggest funder for agrifoodtech,closing$2.7 billion in H1-2022,and is set to break records for total funding in 2022.Meanwhile,China funding has declined significantly as inves

6、tors pulled away from the eGrocery startups that inflated funding levels in 2021.High profile agrifoodtech deals such as those outlined in this report have helped to promote the sector to a broader audience across the venture capital landscape.Increasing participation from more generalist tech inves

7、tors in the region is encouraging to see,as well as the creation of several corporate venture capital units within the industry in recent years.Much has evolved since AgFunder first established a presence in Asia in 2019 with our Singapore-based investment team and the launch of GROW,Southeast Asias

8、 first dedicated agrifoodtech accelerator.In 2022 we are doubling down on our commitment to the region through a dedicated Asia impact fund to invest in the most promising technologies advancing productivity,equitability and long-term resilience for Asia-Pacifics food system.We hope this report cata

9、lyzes further engagement and collaboration across this exciting space.Thank you to our partners Thai Wah,Omnivore and AgriFutures Australia for their support and particular shout out to AgFunders Ryan Lee for his hard work on this report.As always,we love to hear from you with your feedback.Louisa B

10、urwood-Taylor,John Friedman and the AgFunder and GROW teams.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMKey insightsAsia-Pacific agrifoodtech funding totaled$5.3bn in H1-2022,a 47%year-on-year drop.Asia-Pacific agrifoodtech bucks VC decline,ex-China:Asia-Pacific agrifoodtech startup

11、s outside of China raised$3.9bn in H1-2022,a 15%year-on-year increase.2021 was a record-breaking year:Asia-Pacific agrifoodtech startup funding reached$15.2bn,a 67%jump from the$9.1bn raised in 2020.Almost half went to China.Even excluding Chinas mega-deals,the rest of Asia-Pacific broke records in

12、2021,raising$8.1bn in 2021,more than double 2020s$3.9bn total.Chinese mega-deals precede mega failures:After yet another crazy year of mega deals to Chinese food delivery startups the biggest a$3bn raise for Xingsheng Youxuan the high cash-burn,growth-at-any-costs model has finally cooled on the bac

13、k of government regulations,significant downsizing and even eGrocery closures.China farmtech on the rise:It wasnt all about eGrocery in China in 2021;the country closed some$605 million in farmtech deals in 2021,a 60%year-on-year jump.Ag Biotech,supply chain tech and robotics are particular strength

14、s.Downstream investment dominates,even outside China:Investors outside of China still pumped over$5 billion into downstream technologies,particularly those enabling food delivery like eGrocery,Restaurant Marketplaces,and Cloud Retail Infrastructure but also Retail and Restaurant Tech,which raised ne

15、arly$1 billion in the rest of Asia-Pacific.Farm tech is maturing as funding doubles:Farm tech funding in the region reached$2.2 billion in 2021,double 2020 levels,driven by some large,later stage deals as well as a 17.5%uptick in the number of deals year-on-year.Indian agrifoodtech could break recor

16、ds in 2022:$2.7bn of funding recorded in H1-2022.Singapore and Indonesia followed China and India as best funded countries in 2021:Singapore startups raised$1.1bn while Indonesia closed$816 million.Indonesia looks set to beat its 2021 record in 2022 while funding for Singapore agrifoodtech is in dec

17、line.A maturing ecosystem:The number of deals increased at every stage between 2020 and 2021 with the most pronounced growth at the late stages,which increased 34%year-on-year.Deals got bigger in 2021 but could drop in 2022:Median deal sizes increased across stages in 2021,hinting at inflated valuat

18、ions,particularly at the early stages.The median decrease at late and growth stages in H1-2022 is indicative of the expected decline in funding for the year,particularly from China.Australias surprising downstream strength:Despite being a major global agriculture centre,Australias top three deals we

19、re restaurant technologies and the countrys leading plant-based meat company.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMKey insightsBIGGEST DEAL$3 billion SERIES D ROUND FOR CHINAS XINGSHENG YOUXUAN a community buying eGrocery platform thats since reportedly scaled back operationsB

20、IGGEST CATEGORYeGrocery CLAIMED$7.5B(48%)of Asia-Pacific agrifoodtechfunding in 2021BIGGEST MARKETSChina,India,Singapore+Indonesia CLAIMED 87.5%($13.3B)of regional funding in 2021BIGGEST EX.CHINA DEAL$800 millionLATE STAGE FOR SWIGGY Indias biggest restaurant marketplace that raised a further$400M 3

21、 MONTHS LATERBIGGEST FARMTECH DEAL$182 millionSERIES C FOR XAG a Chinese agricultural drones service providerASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMAgFunder is one of the worlds most active foodtech and agtech VCs.Were rethinking venture capital for the 21st century.Our news si

22、te,AFN,is dedicated to publishing daily,original news about the burgeoning foodtech and agtech startup and venture capital industry.Omnivore is a venture capital firm based in India and is the only impact investor in South Asia focused entirely on agriculture and food systems.Since 2011,Omnivore has

23、 backed over 45 agritech startups.Every day,Omnivore portfolio companies drive agricultural prosperity and transform food systems across India,making farming more profitable,resilient,and sustainable.AgriFutures growAG.is an online agrifood innovation marketplace to explore and connect with relevant

24、 expertise,research and investment opportunities in Australia.AgriFutures evokeAG.is Asia Pacifics premier agrifood tech event being held on 21-22 Februrary 2023 in Adelaide,Australia.Thai Wah is the SEA Agri Food Ingredients company committed to creating innovation and sustainability from Farm to S

25、helf.The company strives to catalyze and create a novel Agri Food ecosystem platform with global partners to drive disruptive change in the coming decade.Our partnersASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMInvestment highlightsASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGF

26、UNDER.COM10 years of agrifoodtech in Asia-Pacific2021 agrifoodtech funding in Asia-PacificAsia-Pacific agrifoodtech investment by year APAC(minus China/India)China India Global30%of global agrifoodtech VC$4.2 BILLION$15.2 billion total raised in APAC 2021$51.7 billion raised globally 2021$7.2 BILLIO

27、N$3.8 BILLION$55.8 billion total raised in APAC since 201220151050Total funding in Billions$USD2012H1 2022202120202019201820172016201520142013ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM2022 agrifoodtech in Asia-Pacific2022 spotlighta glance into the current year01 India02 China03 I

28、ndonesia04 South Korea05 Singapore$978 MILLION$208.3 MILLION$625.5 MILLION$5.3 billion$USD investment H1 2022$4.3 billion$USD investment H1 2022 APAC ex.China363 deals across the region H1 2022$2.7 BILLION$283.8 MILLIONInvestments by countryInvestment totals 2021($USD)678 deals across the region514

29、unique companies$15.2 billion$USD investmentCOUNTRY DEALS India 225 China 104 Singapore 63 Indonesia 57 Australia 55 Japan 52 South Korea 23 Pakistan 17 Bangladesh 13$4.2 BILLION27.7%TOTAL$455.6 MILLION3.0%TOTAL$735.6 MILLION4.8%TOTAL$816.1 MILLION5.4%TOTAL$7.2 BILLION47.2%TOTAL$109.1 MILLION0.7%TOT

30、AL$1.1 BILLION7.1%TOTAL$360.4 MILLION2.4%TOTAL$124.3 MILLION0.1%TOTALASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMWhy did you create Thai Wah Ventures?Adverse climate change and a rising population have been mounting stress on the global food and agriculture systems.In the near futur

31、e,there will be 40%LESS farmland and 20-30%LESS crop yield.Continuing to feed the global population of 9 billion has become a critical agenda for the global community.The Thai Wah Ventures team aspires to be a catalyst for deep innovation to help improve the entire value chain from farm to shelf to

32、drive change and scalable innovative food systems.Why is it important to the Thai Wah business and agrifood ecosystem in Asia?Thai Wah believes innovation starts at Ground Zero and that SEAs net zero journey is partly driven through agri-food system transformation by empowering 500 million smallhold

33、er farmers with sustainable practices and innovation.Developing SEA as a global center for ag and food tech with key transformational pathways in terms of human,technology and financial capital will amplify change.What is the ventures team thesis?The B2B Agri Food CVC platform Thai Wah Ventures is t

34、he vehicle to scale decarbonization and the Green Economy in the SEA Agri Food systems.The team seek to invest in scalable solutions and new strategic partnerships across four pillars:Farm agri and climate tech B2B supply chain and analytics Bioplastics and waste-upcycling Novel ingredients and new

35、processing technologyWhat types of agrifood technologies are you most excited about?Deep tech with the potential to feed the people while decarbonizing the planet in the next decade:Crop and soil science including gene editing,IoT and analytics and models with intersection between farm and climate t

36、ech B2B digital supply chain enabling service to customers better,faster,cheaper Technology to transform waste to value Novel processing technology for starches,proteins,fibers including enzymatic modification and Partner Thai WahThai Wah is the SEA agri-food ingredients solutions company with 3 cor

37、e businesses:The tapioca starch and starch-related ingredient solution,the food products,and the biodegradable products.We are committed to creating innovation and sustainability from farm to shelf by focusing on building strength across 4 core pillars:Farm,Factory,Family and Finished goods.ASIA-PAC

38、IFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMInvestments by categoryASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMInvestments by category By funding($USD)Category$USD Innovative Food$356m Farm Management Software&Sensing$285m Agribusiness Marketplaces$628m Bioenergy/Biomateria

39、ls$583m Farm Robotics,Mechanization+Equipment$348m Novel Farming Systems$91m Agbiotechnology$240m Midstream Technologies$1.4b Agrifood Fintech$324m Miscellaneous$3m eGrocery$7.4b In-Store Retail Tech$1.1b Online Restaurants/Mealkits$201m Cloud Retail Infrastructure$616m Restaurant Marketplaces$1.7b

40、Home and Cooking$63mASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMCategories by deal count 2021Categories by funding 2021($USD)17.2%(123)16.5%(118)8.8%(63)10.4%(74)9.8%(70)5.0%(36)4.9%(35)3.4%(24)2.4%(17)5.0%(36)4.5%(32)3.8%(27)2.9%(21)2.8%(20)2.1%(15)0.4%(3)While dollar funding is he

41、avily weighted towards downstream startups,skewed by some mega food delivery deals in China and India,the deal activity numbers are more balanced,highlighting the level of activity taking place in upstream innovation,which accounts for farm technologies as well as innovative food production includin

42、g alternative protein.Technologies operating within the supply chain,between farmers and consumers,are gathering pace as startups look to reduce the inherent fragmentation and opacity apparent across the globe.Upstream Midstream DownstreamInvestments by supply chainGa.Aximusa ecearchic totamus animu

43、santo officiatem audi dolumquo qui in nonseque moluptaquia nus,et ati aut officto te prereris que proviti cullaut aut offic te comnimpore,voluptatur?Te nim qui quibusa musdam fugiae conet atio tempor sus ea eaquate ssimusapero culpa consendande qui aut recero consequis ellab ipit vit,volupta tibusap

44、edia con elique nis autInvestments by category ex China($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMCategory$USD Farm Management Software&Sensing$257m Innovative Food$307m Agribusiness Marketplaces$596m Bioenergy/Biomaterials$467m Novel Farming Systems$75m Farm Robotics,Mechani

45、zation+Equipment$87m Ag Biotechnology$32m Midstream Technologies$973m Agrifood FinTech$170m Miscellaneous$3m eGrocery$1.9b In-Store Retail Tech$895m Cloud Retail Infrastructure$605m Online Restaurants/Mealkits$162m Restaurant Marketplaces$1.5b Home Cooking$27mCategories by deal count 2021(ex.China)5

46、74 deals across the region$8.0 billion$USD investment Upstream Midstream Downstream11.3%(65)9.4%(54)6.6%(38)4.7%(27)4.2%(24)11.1%(64)0.3%(2)2.6%(15)17.6%(101)10.6%(61)6.8%(39)5.1%(29)3.8%(22)2.1%(12)1.0%(6)2.6%(15)Categories by funding 2021($USD ex.China)Investments by supply chainGa.Aximusa ecearch

47、ic totamus animusanto officiatem audi dolumquo qui in nonseque moluptaquia nus,et ati aut officto te prereris que proviti cullaut aut offic te comnimpore,voluptatur?Te nim qui quibusa musdam fugiae conet atio tempor sus ea eaquate ssimusapero culpa consendande qui aut recero consequis ellab ipit vit

48、,volupta tibusapedia con elique nis autChanges in category investment 2020 vs 2021Increasing deal activity in almost all upstream categories highlights the positive momentum for farm technologies and alternative proteins.Multiple rounds from dominant eGrocery players can,at least in part,explain the

49、 increase in deal activity in that category.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMChanges in deal count from 2020-2021ChangesBioenergy/Biomaterials Farm Management Software&Sensing Innovative Food Novel Farming Systems Farm Robotics,Mechanization&Equipment Agribusiness Marketp

50、laces Agbiotechnology 3020100-10-20-30+12 DEALS+12 DEALS+11 DEALS+8 DEALS+3 DEALS-9 DEALSAgrifood Fintech Midstream Technologies +2 DEALSeGrocery Cloud&Retail Infrastructure Home&Cooking Online Restaurants/Mealkits Restaurant Marketplaces +27 DEALS+18 DEALS+7 DEALS-5 DEALS-7 DEALS-12 DEALS+1 DEALS-2

51、 DEALSMiscellaneous In-Store Retail Tech -25 DEALS Upstream Midstream DownstreamASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM10 years of farm tech fundingFarm tech spotlight Investment totals($USD)2.52.01.51.00.50Total funding in Billions$USD2012H1 20222021202020192018201720162015201

52、42013Farmtech is a segment within agrifoodtech including all technologies used by farmers.The drivers for investment in farmtech differ substantially from the consumer end of foodtech,warranting separate analysis.Farmtech funding doubled in 2021 driven by large deals and a 17.5%uptick in deal number

53、s year-on-year.With$1.1 billion in H1-2022,it looks like startups maintained momentum this year.$2.2 BILLION$184m(8.5%)$48m(2.2%)$3.2m(0.1%)$91m(4.2%)$121m(5.6%)$216m(10%)$348m(16.1%)$629m(29%)$285m(13.2%)$240m(11.1%)Agribusiness Marketplaces Ag Biotechnology Farm Robotics,Mechanization+Equipment Fa

54、rm Mgmt SW,Sensing&IoT Novel Farming Systems Bioenergy&Biomaterials Midstream Technologies Agrifood FinTech Miscellaneous Farm-2-Consumer eGrocery Upstream Midstream DownstreamFarm tech spotlight Top countries($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM$160 MILLION$906.6 MILLI

55、ON$186 MILLIONINDIANEW ZEALANDINDONESIACHINAKOREAAUSTRALIASINGAPORE$604.9 MILLION$133.3 MILLION$83.1 MILLION$31.2 MILLIONIndia is by far the most advanced farmtech ecosystem in Asia-Pacific with startups operating in every farm tech category.China agrifoodtech is not all downstream;its farm tech eco

56、system is gathering pace with deals mostly in the Ag Biotech category.Indonesia has a range of farm tech innovations with a particular focus on Agribusiness Marketplaces.Startup spotlight Ai PaletteMIDSTREAM TECHNOLOGIESHow would you define the Asian consumer and their taste compared to other parts

57、of the world?Asian consumers tastes are evolving rapidly and in some cases are even setting trends for other parts of the world.China is setting trends for collagen-based snacks and beverages while Japan is for nutricosmetics,for example.They are also highly influenced by international cuisines and

58、experiment with flavor combinations and pairings influenced by local ingredients.While Asians exhibit a willingness to try cuisines and dishes from various cultures,their underlying need for complex flavours with the use of various local as well as regional culinary ingredients continues to drive in

59、novation in the food and beverage industry.Bakery,confectionery,and even plant-based meat and dairy alternatives are often sought after and of great interest in localized formats and tastes.Pandan Chocolate Gula Melaka Cake,Coconut Flavored Soy Yogurt,Vegan Itlog na Maalat(the plant-based version of

60、 Filipino favorite salted egg),are some trending dishes that highlight Asian preferences for“Glocal”tastes.What is the Asia-Pacific agri food tech ecosystem like to work in?Its still early but is developing very fast now.When we started out in 2019,most people didnt know what foodtech was but things

61、 have changed completely in the last few years and its great to see a bustling agrifood tech scene in Singapore.While the majority of new startups are in alternative protein,there are many other verticals as well.We see more interest from corporates to work with startups now,however the local®ion

62、al players are still not very accessible as they are set in their old ways of working.There are a lot of investors for pre-seed and seed stage round,but it then gets difficult after Series A and before the later stages when there are more potential investors to raise from again.Asia is a very big an

63、d diverse market with multiple languages and cultures,which means you have to adapt your messaging and sales style for each Ai Palette is a food trend-spotting platform.It uses predictive analytics,Natural Language Processing(NLP)and computer vision to capture trends in real-time from a diverse set

64、of sources including blogs,social media,recipes,and menus.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMAgribusiness marketplacesTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM$60 MILLION$364 MILLION$8.0 MILLION$9.0 MILLION$149 MILLION$32.2 MILLION$6.4 MIL

65、LIONINDIAJAPANKOREAINDONESIACHINAAUSTRALIAPAKISTANThe geographic diversity of this category is indicative of the challenges presented by agricultural economies made up predominantly of smallholder farmers.With average farm sizes usually no bigger than 2 hectares(5 acres),farmers have struggled to ge

66、t hold of high quality inputs seeds,fertilisers,pesticides and are usually at the behest of their local dealers.Agribusiness marketplacesTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMDeHaatAgriTech startup offering end-to-end agricultural services and products to farmer

67、s.$115mSERIES D ROUNDAgroStarOne of Indias foremost AgTech start-ups,working on the mission of#HelpingFarmersWin.$70mSERIES D ROUNDTaniHubB2B platform connecting farmers with businesses that use or sell their products.$65.5mSERIES B ROUNDTridgeOnline trade platform that matches global food agricultu

68、re buyers and sellers.$60mSERIES C ROUNDCaptain FreshFish and seafood supply chain platform designed to deliver a fast harvest-to-retail service.$40mSERIES B ROUNDArunaAn Indonesian integrated fishery platform.$35mSERIES A ROUNDDeHaatAgriTech startup offering end-to-end agricultural services and pro

69、ducts to farmers.$30mSERIES D ROUNDJianan NongmuLogistics and distribution of agriculture and animal husbandry products.$30mSERIES B ROUND0105020603070408Most of the startups on this page are aggregating farmers into local hubs,giving them more buying power to access better products,as well as direc

70、t markets to sell their produce for better prices.With 450 million smallholder farmers in the region,the potential for this category to have a positive impact and big investment return is indicated in the investor backing for these startups.Startup spotlight MayaniAGRIBUSINESS MARKETPLACE Mayani too

71、k this challenge head-on by building an ag e-commerce platform that bridges aggregated market demand with a highly fragmented smallholder agri-supply chain.By directly connecting farmers with consumers,whether retail or commercial,it translates into better income opportunities for farmers through a

72、broad and predictable market.It also optimizes the agri-supply chain by making crop production and harvesting more demand data-driven,thereby lowering transaction costs and lessening instances of gluts and post-harvest oversupply.This ultimately facilitates a more resilient value chain that can bett

73、er withstand external shocks in the future.Mayanis impactMayani averages a 50%attributable rise in farmers incomes,and at least 30%food loss reduction between farmers and consumers.It even has an imperfect crops category meant to aggregate demand for cosmetically imperfect produce that usually gets

74、rejected by Mayanis B2B clients like Shell,Walter Mart,and Healthy Options,but would nonetheless still find a market among consumers.Growing pains and supportBeing the fastest-growing,farm-to-table platform now in the Philippines,Mayani has had to quadruple its manpower size,expand its fleet of moto

75、rcycles and trucks for farm logistics,and make some key hires,particularly on the software engineering and data science side.And these moves necessitate capital beyond our organic warchest.This is where Mayani is really grateful to its early believers like the Asian Development Bank,which awarded th

76、e company a seed grant for winning the 2020 ADB Hard Hit Economic Sectors Challenge.Paired with ADBs technical support and guidance,the grant also enabled Mayani to jumpstart some tech talent hires and beef up the platform.Thereafter,Mayani was able to secure impact investors like the Jimenez family

77、 and AgFunder,being their first investment in the Philippines.Smallholder farmers are among the Philippines poorest of the poor.This is largely attributed to farmers dealing with about six to seven layers of middlemen between them and the consumer.This dismal reality has been exacerbated by the Covi

78、d-19 lockdown with about 40%of all rural harvest going unsold.mayani.phASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMFarm management softwareTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM$65.9 MILLION$105.8 MILLION$0.18 MILLION$31.9 MILLION$29.9 MILLION$1

79、2.0 MILLION$10.8 MILLION$28.6 MILLIONIndia is the clear leader for farm management software,sensing&IoT category,with startups dating back to the beginning of agtech globally.The country closed the most deals(25)in this category in 2021 but they werent the largest.Australia was the second most activ

80、e,closing 11 deals with particular strength,unsurprisingly,in livestock farm management.INDIAJAPANAUSTRALIAKOREANEW ZEALANDINDONESIABANGLADESHCHINAFarm management softwareTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMGreenLabsData-Agritech company.$29.5mSERIES B ROUNDAg

81、riWebbFarm and livestock app helping livestock producers with record keeping,compliance,and productivity.$23.1mSERIES B ROUNDHalterRedefining cattle herd management.$23mSERIES B ROUNDAgNextIntersection of hardware,software and analytics for quality estimation in agriculture and food.$21mSERIES A ROU

82、NDCropinAI and data-led agri-tech organization providing SaaS solutions to agribusinesses globally.$20mSERIES C ROUNDFeiwei InformationReal property information management solution provider for farmers.$15.6mSERIES B ROUND0105020603070408GreenLabsData-Agritech company.$18.4mSERIES B ROUNDAbsolute Fo

83、odsAn OS that provides actionable insights based on inputs from the likes of sensors.$12.6mSERIES A ROUNDGreenLabs was one of just two Korean farm management software startups to raise funding in 2021 but it raised the categorys largest.This is a bit misleading as the business does more than farm ma

84、nagement and has started branching out down the supply chain into B2B distribution.Startup spotlight TepbacFARM MANAGEMENT SOFTWARE SENSING&IOTVietnam-based Tepbac leverages an IoT system to create solutions to optimize produce from aquaculture,particularly shrimp farming.Founded in 2012 by Tran Duy

85、 Phong,Tepbac offers Farmext,a remote aquaculture farm management and inventory platform which tracks costs and digital farm logs.Its other solution is a remote water cleaning and monitoring device which keeps track of water conditions such as pH,oxygen,temperature and salinity.Users can remotely co

86、ntrol and keep track of their ponds,helping them save on electricity and labor costs as well as improve farmer safety.A combination of the two devices improve operational efficiencies so much so,that one of Tepbacs users optimized a feeding program for fish,eliminating water pollution caused by over

87、feeding,according to the startup.Further,Tepbac offers a news platform where fish farmers and other players in aquaculture can view content pertaining to the seafood industry and best practices in the industry.The farmers also get to purchase a variety of fish food and farming equipment from Tepbacs

88、 own online aquaculture marketplace.Even though the startup says IoT development is challenging,Tepbac has numerous awards under its belt with the latest being the Winner of the Tech Planter Vietnam 2021,a deep tech acceleration program.Tepbac is also among the 2022 cohort of startups selected for t

89、he AgFunder-backed GROW Impact Accelerator.So far,Tepbac has reportedly served 1500 farms,with its clientele ranging from small and large scale farmers,to shrimp processing plants and the government.It hopes to increase incomes for aquaculture farmers in sustainable and environment-friendly ways.tep

90、bac.vnVietnam is one of the worlds biggest producers of farmed shrimp,in the worlds highest producing region.But even with stellar export figures that hit close to$4 billion last year,Vietnamese farmers grapple with growing environmental and sustainability challenges.ASIA-PACIFIC AGRIFOODTECH INVEST

91、MENT REPORT 2022|AGFUNDER.COMInnovative foodsTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM$101.1 MILLION$95.1 MILLION$39.8 MILLION$37.4 MILLION$49.3 MILLION$29.6 MILLION$1.2 MILLION$2.0 MILLIONNoticeably absent from several categories top deals,Singapore is the regiona

92、l leader for alternative protein,which is the core segment within our Innovative Food category.The governments own investment in the category via its state funds as well as its trailblazing regulations are no doubt a key reason for this lead.China closed the biggest number of deals in the category(1

93、6)mostly at seed stage,followed by Singapore(15)and India(14).SINGAPOREINDONESIAKOREAAUSTRALIAINDIAKOREAPHILLIPINESJAPANInnovative foodsTop deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMv2foodPlant-based meat company that produces legume-based meat alternatives.$52.9mSERIES

94、 B ROUNDTurtleTree LabsCreating real milk in its full composition,functionality and taste using cell-based tech.$30mSERIES A ROUNDGrowthwell GroupVegetarian food solutions company.$22mSERIES A ROUNDNext Gen FoodsFood-tech startup that offers plant-based meat products.$20mSEED ROUNDZikooin CompanyAlt

95、ernative meat-Unlimeat made out of grains including oats.$16.8mSERIES B ROUNDDAIZDAIZ produces and sells plant-based meat from germinated soybeans.$16.7mSERIES B ROUNDRefine BiologyResearch,development,and manufacturing of natural food ingredients through biotechnology.$15.7mSERIES A ROUNDAll G Food

96、sLeading in technological innovations to create next generation dairy and meat.$15.5mSEED ROUND0105020603080407Taking three of the top deals,including a record-breaking seed stage transaction,Singapore Innovative Food startups are set to beat 2021s total in 2022 in the wake of a$100m mega Series A f

97、rom Next Gen Foods in February.Australias alt protein sector,which was arguably slow to start,has a leading growth stage company in V2Food and some well funded early stage companies coming through.Just three Korean startups closed funding during the year.Startup spotlight Green Rebel FoodsNOVEL FOOD

98、SFounded in 2020 by the business and life partner duo Max Mandias and Helga Angelina Tjahjadi,founders of Burgreens,Indonesias largest vegan restaurant chain Green Rebel was launched into a startup ecosystem with lots of investment and support available.With backers including AgFunder,Teja Ventures

99、and Unovis,the Indonesian startup says it has been able to fundraise relatively quickly.Getting customers can also be very fast,between one and three months,but they employ a mixture of outbound sales and inbound responses to prospective clients.The core challenge to getting new customers?“Market ed

100、ucation to ensure the sell-out enables our partners to justify keeping meat and dairy alternatives on the menu and shelves.As a brand owner,we cannot focus only on selling our products to clients,but rather we work collaboratively with them on the marketing and messaging to make sure their plant-bas

101、ed menu and our products are a success.The same menu promoted differently could bring very different results,”says Tjahjadi.This education is key to scaling the consumption of alternative meat and dairy products,she argues,which has been slower than expected,particularly considering the tight timeli

102、ne to meet global carbon emissions goals in 2030.Further product innovation to keep costs down is also key:“Plant-based meat alternatives still have a lot of homework to do to achieve price parity with their animal counterparts.Its not impossible,but requires a lot of hardwork and process innovation

103、.The fluctuating prices in supply chain and logistics operations can be tricky to manage as well,especially for a brand doing cross-border operations,which Green Rebel plans to do more of.While still growing aggressively in its domestic market of Indonesia,Green Rebel is focusing on expanding elsewh

104、ere in Southeast Asia,and over the next five years,plans to launch in Australia and the USGreen Rebel is the Southeast Asian archipelagos top-selling plant-based protein brand,using local ingredients to create clean-label meat and dairy alternatives with distinct Asian flavors.ASIA-PACIFIC AGRIFOODT

105、ECH INVESTMENT REPORT 2022|AGFUNDER.COMASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMNovel farming systemsTop deals($USD)$10.1 MILLION$13.1 MILLION$17.9 MILLION$15.7 MILLION$34 MILLIONFood security and lacking farmland are often touted as drivers for investing in Novel Farming Systems

106、,which includes indoor agriculture,insect farming and aquaculture.Somewhat surprisingly,India closed most deals in the category in 2021 with its startups deploying a mix of formats.Just one Korean company raised funding during the year.KOREACHINAINDIAAUSTRALIASINGAPORENovel farming systemsTop deals(

107、$USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMN.THINGN.THING is Seoul-based vertical farming company.$26mSERIES B ROUNDXiaoZao TechA farming processor dedicated to the R&D,vcultivation,and production of microalgae EPA.$16mSERIES B ROUNDN.THINGN.THING is Seoul-based vertical farmi

108、ng company.$13mSERIES B ROUNDProvectus AlgaeBiotech startup specializing in the optimization of Algae to produce high-value compounds.$8.1mSEED ROUNDAqgromalinTech-driven farm diversification platform for animal husbandry and aquaculture.$5.9mSERIES A ROUNDNutrition TechManufactures protein,oil and

109、organic fertilizer from Black Soldier Fly larvae.$5mSERIES A ROUNDBardeeAgtech that break down food waste,converting it into fertliser and proteins for pet foods and chicken feed.$5mSEED ROUNDVertical OceansProducing the worlds best tasting,most sustainable shrimp in advanced technology aqua towers.

110、$3.5mSEED ROUND0105020603070804Two strategics invested in N.Things round:energy company E1 and KT&G South Koreas largest tobacco company.Despite its long history in urban farming,just three Singaporean startups raised funding in 2021.Startup spotlight SingrowNOVEL FARMING SYSTEMSWhats Asia-Pacific a

111、grifoodtech like today?There are definitely more investors looking into the agrifoodtech space in the past two years.Asia investors tend to invest downstream,closer to the consumers,with shorter return-on-investment periods.As a solution provider and seeds company,however,Singrow also received a lot

112、 of interest from Pan-Asia Investors;we had investors from the Philippines and Japan in our recent round.And there are lots of opportunities in the market;most of our current business leads have been inbound.The end consumer in Asia is more price sensitive so a solution that can really bring down th

113、e cost,while adding extra value to the ecosystem,will be preferred in Asia.Whats Singrows five-year plan?Singrow recently launched a new core business model:Farming as a Service(FaaS).We are now actively applying this into different downstream practices,including enabling more farms through franchis

114、e and contract farming,empowering retailers by establishing our own e-commerce channels with the new Singapore premium fresh produce standard,as well as enlarging our business by working closely with forward-thinking partners like SMRT group(Singapore)and RSP Architects(Singapore,China),to make vert

115、ical farming a new retail and landscaping enabler.We have already expanded into Singapore,Indonesia and China and have plans for Thailand,Philippines and Hong Kong in the next 12 months.In the next 2-3 years we aim to cover more tier 1 and 2 cities in South East Asia,major cities in the Middle East,

116、and more regions in China.Meanwhile in R&D,we are working on new crops and plan to launch our next flagship crop saffron in the next 12 months.If you could start again,what would you do differently?Start with a more diversified team instead of a group of pure Ageing Farmers.Crop losses from weather

117、events or pest damage.Food waste along the food supply chain.Lacking standards.Uninspiring brands.These are the main challenges Singrow wants to tackle with its vertical farming-focused ag technologies.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMASIA-PACIFIC AGRIFOODTECH INVESTMENT

118、REPORT 2022|AGFUNDER.COMIn-store retail&restaurant techTop deals($USD)$112.4 MILLION$33.4 MILLION$155.6 MILLION$708.1 MILLION$6.9 MILLION$12m MILLION$16.8 MILLIONIts been a bumpy ride for this category,particularly on the restaurant side where investment dipped during the pandemic,and while the numb

119、ers were up in 2021,it was mostly due to a mega late stage deal for Singapores Trax,the store shelf image recognition tech that raised a$640m round.SINGAPOREVIETNAMKOREACHINAAUSTRALIAINDONESIAJAPANINDIAASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMTraxThe world leader in computer visi

120、on solutions for retail.$640mLATE ROUNDPuduTechUses artificial intelligence to build autonomous delivery robots for home care,food service,and catering.$78mSERIES C ROUNDMr YumMobile ordering platform that provides a visual menu and tool for table-ordering,pickup,and delivery.$63.6mSERIES A ROUNDEat

121、ClubAn app that shows its users restaurants nearby with spare tables,offering last minute deals.$40mVENTURELoveLocal(formerly Paani)Digitising and organising local retailers to deliver the neighbourhood shopping experience of the future.$19.1mSERIES B ROUNDChopeA restaurant reservation application t

122、o simplify table booking services.$15mLATE ROUNDLoshipVietnams fast-growing one-hour-delivery e-commerce startup.$12mSERIES C ROUNDTinvioB2B transactions platform to manage orders,invoices,and payments with suppliers via a chat-led interface.$12mSERIES A ROUND0105020603040708As well as being home to

123、 the biggest round of the year in this category,Singaporean startups also closed the most deals during the year,followed by India and Japan.A bevy of seed stage deals not shown in this chart indicates a potential resurgence as startups look to create digital operating systems for restaurants.In-stor

124、e retail&restaurant techTop deals($USD)A lot of people in the agrifoodtech industry globally are fatigued with this category as its investment totals have drowned out other innovative sectors and potentially stolen funding from arguably more impactful technology only to result in major failures.ASIA

125、-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMRestaurantmarketplacesTop deals($USD)$157 MILLION$1.9 MILLION$0.57 MILLION$13 MILLION$2.5 MILLION$0.5 MILLION$1.5 BILLION$7.5 MILLIONINDIAMALAYSIAINDONESIACHINAKOREAJAPANSINGAPOREPAKISTANRestaurantmarketplacesTop deals($USD)ASIA-PACIFIC AGRIFO

126、ODTECH INVESTMENT REPORT 2022|AGFUNDER.COMSwiggyFood delivery platform that brings food from neighborhood restaurants directly to customers doors.$800mLATE ROUNDSwiggyFood delivery platform that brings food from neighborhood restaurants directly to customers doors.$450mLATE ROUNDZomatoOnline food or

127、dering platform that delivers meals from restaurants$250mVENTUREMeicanProviding mobile ordering of foods,detailed take-out menus,and more.$100mLATE ROUNDMeicanProviding mobile ordering of foods,detailed take-out menus,and more.$57mLATE ROUNDHangryMulti-brand virtual restaurant company that focuses o

128、n food delivery in Jakarta.$13mSERIES A ROUNDMunchiesKarachi-based snack delivery service company.$2.5mSEED ROUND0105020603070408The Asian market has had its fair share of food delivery failures were looking at you Foodpanda but the biggest players have held their ground,with Indias Swiggy contribut

129、ing to the vast majority of the countrys total funding in 2021.Snack 24Snack24 provides office snack management services.$7.6mSERIES B ROUNDInvestments by stageASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMDeals8006004002000201620172018201920202021ASIA-PACIFIC AGRIFOODTECH INVESTMENT

130、REPORT 2022|AGFUNDER.COMInvestments by stageThe number of deals increased at every stage between 2020 and 2021 with the most pronounced growth at the late stages,which increased 34%year-over-year.Growth stage deals also increased significantly in number(22%)whereas early stage activity was more mute

131、d with just 6%Year-on-year increase in deals closed.Will we see fewer deals close in 2022 on the back of this?Number of deals by maturity375 TOTAL403 TOTAL558 TOTAL661 TOTAL637 TOTAL678 TOTAL37 GROWTH323 EARLY12 LATE44 GROWTH335 EARLY14 LATE69 GROWTH449 EARLY34 LATE98 GROWTH509 EARLY37 LATE94 GROWTH

132、485 EARLY38 LATE110 GROWTH494 EARLY50 LATE Early(Pre-Seed to Series A)Growth(Series B to C)Late(Series D+)DebtInvestments by stageAs the number of late stage deals increased,so did their median size,contributing to the bump in total funding in 2021.While there were fewer early stage deals,the increa

133、se in the size of deals hints at potentially inflated valuations.The median decrease in H1 2022 is indicative of an expected decline in funding for the year,particularly from China.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM Early(Pre-Seed to Series A)Growth(Series B to C)Late(Seri

134、es D+)$USD806040200Median round sizeH1 2022$56.2 MILLION$2 MILLION$23.5 MILLION2017$20 MILLION$0.51 MILLION$8.6 MILLION2018$63.2 MILLION$1.4 MILLION$15 MILLION2019$39.9 MILLION$1.23 MILLION$11.3 MILLION2020$45.7 MILLION$1.4 MILLION$14.3 MILLION2021$65 MILLION$1.59 MILLION$20.3 MILLIONInvestments by

135、stageTop deals 2021($USD)Unsurprisingly China tops the leagues at every stage except seed where Singaporean alt protein maker Next Gen Foods broke records.But its exciting to see so much funding for Bangladeshi startup ShopUp thats digitizing small,local retailers,a trend we saw play out across Afri

136、ca too.Thailand also appeared with GudangAda,and a few large early stage deals from Australia hints at positive momentum in that market both upstream and downstream.Upstream Midstream DownstreamASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMCOUNTRYRAISEDCOMPANIES FUNDEDSTREAM$20mNext G

137、en Foods$18.6mRuiyun Cold Chain$16mAll G Foods$15mRuiyun Cold Chain$12.9mVOLY COUNTRYRAISEDCOMPANIES FUNDEDSTREAM$120m Mojia Bioscience$92.6mXianshenghuo$63.6mMr Yum$61.2mQianhai Yueshi Information Technology$60mZeptoSeedSeries ACOUNTRYRAISEDCOMPANIES FUNDEDSTREAM$123.8m Wangjiahuan$109mShopUp$100mT

138、11 Food Market$100mGudangAda$95mRWDC IndustriesSeries BCOUNTRYRAISEDCOMPANIES FUNDEDSTREAM$200m Pupumall$182mXAG$100mZepto$96mKopi Kenangan$84.9mJumbotailSeries CInvestments by stageTop deals 2021($USD)Startups bringing food to the homes of the worlds two most populous countries China and India reel

139、ed in cash over multiple rounds during the year,attracting a mix of investors from sovereign wealth funds,state-controlled entities,technology giants and large US-based private equity and banking players with just a few major venture capital firms like Tiger Global and Sequoia re-upping in these mas

140、sive deals.Trax is a leader in computer vision for retail.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM Upstream Midstream DownstreamCOUNTRYRAISEDCOMPANIES FUNDEDSTREAM$3.0b Xingsheng Youxuan$750mNice Tuan$700mDingdong Maicai$330mDingdong Maicai$145mNinjacartCOUNTRYRAISEDCOMPANIES FU

141、NDEDSTREAM$800mSwiggy$640mTrax$450mSwiggy$300mXingsheng Youxuan$250mZomatoSeries DLate StageASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMInvestments by countryIndia spotlight Top deals($USD)While the top deals are all downstream startups,India has a bustling farmtech ecosystem and wa

142、s one of the first agtech centres globally.In 2021,Indias biggest farmtech deals included Ninjacart,the major supply chain tech for the fresh produce industry which raised$145m,followed by DeHaat,the agribusiness marketplace that aggregates smallholder farmers and enables them to buy higher quality

143、inputs and access markets.DeHaat,which is an AgFunder and Omnivore portfolio company,raised$115m Series D.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM01Swiggy$800 million RESTAURANT MARKETPLACES02Swiggy$450 million RESTAURANT MARKETPLACES03Zomato$250 million RESTAURANT MARKETPLACES0

144、5Rebel Foods$175 million CLOUD RETAIL INFRASTRUCTURE04Licious$192 million EGROCERYIndia spotlight Investment totals($USD)225 deals across the region$4.2 billion$USD investmentASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM Upstream Midstream DownstreamCategory$USD Farm Management Softw

145、are&Sensing$106m Agribusiness Marketplaces$364m Innovative Food$40m Novel Farming Systems$18m Bioenergy/Biomaterials$48m Farm Robotics,Mechanization+Equipment$9m Agbiotechnology$1m Midstream Technologies$487m Agrifood Fintech$160m eGrocery$1b In-Store Retail Tech$33m Cloud Retail Infrastructure$334m

146、 Restaurant Marketplaces$1.5b Online Restaurants/Mealkits$46m Home and Cooking$21m4.9%(11)4.9%(11)4.0%(9)4.4%(10)4.9%(11)5.8%(13)19.1%(43)5.3%(12)6.2%(14)9.3%(21)10.7%(24)2.7%(6)14.7%(33)0.9%(2)2.2%(5)Investment by deal count 2021Investment by category 2021($USD)Startup spotlight AquaconnectNOVEL FA

147、RMING SYSTEMSWhat is the Asia-Pacific agrifood tech ecosystem like to work in?In the last five years,we have witnessed significant developments for agrifoodtech in the Asia-Pacific region.An increasing number of startups are pioneering advanced technologies to drive transformation across the value c

148、hain from post-harvest market linkages to formal credit access,cold storage,and consumer markets.Furthermore,Asia is a hotbed for founders to raise investments due to future forward business models.Startups have been able to access capital,growth advisory and inter-portfolio networking that helps in

149、 solving business obstacles and forging potential synergies to accelerate business goals.Whats Aquaconnects goal for the next five years?Our business model focuses on strengthening scalable solutions using deep-tech intervention to cater to aquaculture stakeholders needs across the production and po

150、st-harvest value chain.In the coming years,we shall widen our business operations to cover major production markets in South East Asia.We are also growing our post-harvest services capabilities to fulfil demand in major markets like the US,Japan,and China by enabling sustainable shrimp sourcing from

151、 India.With our growth trajectory and newer market expansions,we aim to generate$500 million in revenue in the next five years.aquaconnect.blueAsia-Pacific is the worlds largest aquaculture producer but inefficiencies in production and resource use are creating long-term concerns.At the same time,gi

152、ven the challenging environment and smallholder nature of much of the industry,technology development and adoption is hard.Founded in India in 2017,Aquaconnect is meeting these challenges with its pond-to-plate platform using remote sensing,data analytics and AI.ASIA-PACIFIC AGRIFOODTECH INVESTMENT

153、REPORT 2022|AGFUNDER.COMAustralia spotlight Top deals($USD)Despite being a major global agriculture centre,Australias top three deals were restaurant technologies and the countrys leading plant-based meat company.While not directly interfacing with consumers,Konvoy Kegs is another efficiency play bu

154、t for beer producers.The only farmtech deal in the top five hints at Australias strength in carbon tech;Loam Bio is a microbial seed coating producer that aims to help crops sequester and store carbon in the soil.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM01Mr Yum$63.6 million IN-S

155、TORE RETAIL TECH02v2food$52.9 million INNOVATIVE FOOD03EatClub$40 million IN-STORE RETAIL TECH05Konvoy Kegs$30 million MIDSTREAM TECHNOLOGIES04Loam Bio$30.1 million AG BIOTECHNOLOGYAustralia spotlight Investment totals($USD)55 deals across the region$360.4 million$USD investmentASIA-PACIFIC AGRIFOOD

156、TECH INVESTMENT REPORT 2022|AGFUNDER.COM Upstream Midstream DownstreamCategory$USD Farm Management Software&Sensing$32m Innovative Food$95m Bioenergy/Biomaterials$9m Agribusiness Marketplaces$8m Novel Farming Systems$13m Ag Biotechnology$30m Farm Robotics,Mechanization+Equipment$0m Midstream Technol

157、ogies$33m eGrocery$26m In-Store Retail Tech$112m Online Restaurants/Mealkits$0.5m Restaurant Marketplaces$0m Cloud Retail Infrastructure$1m Home Cooking$0.1m1.8%(1)1.8%(1)3.6%(2)3.6%(2)3.6%(2)3.6%(2)9.1%(5)14.5%(8)7.3%(4)10.9%(6)12.7%(7)5.5%(3)20%(11)Investment by deal count 2021Investment by catego

158、ry 2021($USD)Startup spotlight LyroMIDSTREAM TECHNOLOGIESLyro Robotics is easing the pressures involved in the fresh produce supply chain.The Australia-based startup produces robotic solutions that pack and sort fresh produce.These pressures,according to Lyro revolve around labor shortage in the foo

159、d packaging industry coupled with massive food wastage in the food value chain between producers and consumers.With robotics,Lyro makes food picking and packaging much faster,more efficient and is optimized for shipping.The startup,founded in 2019 by Juxi Leitner and Nicole Robinson,claims their sof

160、tware Lyro Machine Intelligence can not only be used to sort produce,but for packaging food in meal boxes and fulfilling grocery orders.Further,Lyro offers a robot as a service model for businesses in the food packaging industry.With the service,users only pay for how much has been packed by the rob

161、ots.Additionally,the startup claims its robots can be fitted in existing packaging lines in various industries including agriculture,manufacturing and even recycling.“We want to use robots for good;to create a positive impact,to better food security through the supply chain.Impact to us would mean h

162、aving our robots out there helping farmers,warehouse managers,food companies,and packing lines,to get their food products picked,packed,and into the supply chain,”said Robinson.“In doing so,impact would mean helping to get fresh produce through the supply chain faster to enable more people to enjoy

163、fresh and high-quality food products.”Earlier this year,the robotics startup secured$1.5 million in a pre-Series A round from Boab AI,an early-stage venture capital fund and AI accelerator managed by Artesian Capital Management.AgFunder and Japans machinery and design company,Toyo Kanetsu also parti

164、cipated in the round.With the financing,Lyro was set to provide its agri-focused clients with around 20 autonomous robotic packers.lyro.ioThe food supply chain has a massive labour shortage that was exacerbated by the Covid-19 pandemic.Coupled with inflation thats driving up material costs,labor sho

165、rtages are causing an overall increase in the cost of food packaging.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMChina spotlight Top deals($USD)ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM01Xingsheng Youxuan$3 billion EGROCERY02Nice Tuan$750 million EGROCERY03Dingdo

166、ng Maicai$700 million EGROCERY04Dingdong Maicai$330 million EGROCERY05Xingsheng Youxuan$300 million EGROCERYFunding for eGrocery in China exploded in 2021 as startups,typically offering the community buying model,helped Chinese consumers get access to fresh food at reasonable prices during the count

167、rys many lockdowns.The high cash-burn,growth-at-any-costs model looks less rosy today;government clampdowns on pricing fraud and product dumping have contributed to a slowdown thats seen several companies close or pare back their businesses substantially,including all of those listed.Nice Tuan is re

168、portedly closed after first announcing layoffs in August 2021,just 5 months after this major Alibaba-backed round.China spotlight Investment totals($USD)104 deals across the region$7.2 billion$USD investmentASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COM Upstream Midstream DownstreamCa

169、tegory Deals Innovative Food 16 Ag Biotechnology 13 Farm Management Software&Sensing 8 Farm Robotics,Mechanization+Equipment 5 Agribusiness Marketplaces 3 Novel Farming Systems 3 Bioenergy/Biomaterials 3 Midstream Technologies 19 Agrifood FinTech 1 Miscellaneous 1 eGrocery 15 Online Restaurants/Meal

170、kits 6 Home Cooking 5 Restaurant Marketplaces 2 Cloud Retail Infrastructure 2 In-Store Retail Tech 214.4%5.8%4.8%15.4%12.5%18.3%1.0%1.0%2.9%4.8%7.7%Investment by category 2021(Number of deals)1.9%Investments by supply chainGa.Aximusa ecearchic totamus animusanto officiatem audi dolumquo qui in nonse

171、que moluptaquia nus,et ati aut officto te prereris que proviti cullaut aut offic te comnimpore,voluptatur?Te nim qui quibusa musdam fugiae conet atio tempor sus ea eaquate ssimusapero culpa consendande qui aut recero consequis ellab ipit vit,volupta tibusapedia con elique nis autChina spotlight Fund

172、ing($USD)While eGrocery clearly dominates Chinas agrifoodtech landscape,China was the second most active country for farmtech investment after India,with a particular focus on Ag Biotech,where companies like Mojia Bioscience and MoonBiotech raised funding for their synthetic biology and microbial ap

173、proaches to reducing chemical usage.Midstream Technologies were also numerous with entrepreneurs looking to improve the countrys cold chain and fresh produce sourcing infrastructure,as well as food safety.Robotics are a Chinese strength,showcased by large deals from agricultural drone providers XAG

174、and EAVision.Chinas innovative food category,which includes alternative protein,is still surprisingly small,albeit dominated by seed stage deals hinting at momentum.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMInvestment by funding 2021$USD BILLIONS6.0 4.0 2.0 0eGrocery Online Restau

175、rants&Mealkits Home&Cooking Cloud Retail Infrastructure In-store Retail&Restaurant Tech$5.5 BILLION$10.8 MILLION$155.6 MILLION$36.9 MILLION$39.2 MILLIONInnovative Food Farm Management Software&Sensing Novel Farming Systems Bioenergy/Biomaterials$49.3 MILLION$115.8 MILLION$15.7 MILLION$28.6 MILLIONMi

176、dstream Technologies Agrifood Fintech Miscellaneous$154.5 MILLION$417.7 MILLION$0 MILLION Upstream Midstream DownstreamRestaurant Marketplaces$157 MILLIONAgbiotechnology$208.6 MILLIONAgribusiness Marketplaces$32.2 MILLIONFarm Robotics,Mechanization&Equipment$261.3 MILLIONTop investors by deal countR

177、ANKINVESTORN0.DEALSCOMPANIES FUNDED01Omnivore18DeHaat,ReshaMandi,AgNext Technologies,Stellapps,Animall02AgFunder11DeHaat,Fable Food,Green Butcher,Mayani,Ai Palette03Y Combinator11Zepto,Super,Nino Foods,KiranaKart,Titipku04Tiger Global Management11Dingdong Maicai,Zomato,DealShare,blinkit,ShopUp05AC V

178、entures10Ula,Aruna,LoveLocal(formerly m.Paani),Eden Farm Indonesia,Segari06Global Founders Capital9Zepto,Eden Farm Indonesia,VOLY,Tinvio,Krave Mart07East Ventures8Aruna,TreeDots,KitaBeli,FoodMarketHub,Warung Pintar08Sequoia Capital India8Rebel Foods,DeHaat,ShopUp,GudangAda,Ula09SOSV8Vertical Oceans,

179、Supplynote,Coffee Exchange,Bistrochat,24seven.pk10Temasek Holdings7Xingsheng Youxuan,Licious,DeHaat,RWDC Industries,EAVISIONASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMAppendixASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMAgrifoodtech category defintionsMidstream Tech

180、nologiesFood safety&traceability tech,logistics&transport,processing techAgrifood FintechTech-enabled financial services for the agrifood value chainMiscellaneousAll other agrifood-related techIn-Store Retail&Restaurant TechShelf-stacking robots,3D food printers,POS systems,food waste monitoring IoT

181、Restaurant MarketplacesOnline tech platforms delivering food from a wide range of vendorseGroceryOnline stores+marketplaces for sale and delivery of processed and unprocessed ag products to consumerHome&Cooking TechSmart kitchen appliances,nutrition technologies,food testing devicesOnline Restaurant

182、s&MealkitsStartups offering culinary meals and sending pre-portioned ingredients to cook at homeCloud Retail InfrastructureOn-demand enabling tech,ghost kitchens,last-mile delivery robots&servicesAg Biotechnology On-farm inputs for crop&animal ag including genetics,microbiome,breeding,animal healthA

183、gribusiness MarketplacesCommodities trading platforms,online input procurement,equipment leasingBioenergy&BiomaterialsNon-food extraction&processing,feedstock technology,cannabis pharmaceuticalsFarm Management Software,Sensing&IoTAg data capturing devices,decision support software,big data analytics

184、Farm Robotics,Mechanization&EquipmentOn-farm machinery,automation,drone manufacturers,grow equipmentNovel Farming SystemsIndoor farms,aquaculture,insect&algae productionInnovative FoodCultured meat,novel ingredients,plant-based proteins Upstream Midstream/Both DownstreamASIA-PACIFIC AGRIFOODTECH INV

185、ESTMENT REPORT 2022|AGFUNDER.COMDATA POWERED BYSources&methodologyData Sources&CurationUtilizing new advanced machine-learning algorithms and artificial intelligence to help identify and categorize agrifoodtech startups,our knowledge base has grown to more than 30,000companies,with new startups and

186、historical data being added each day.The raw data for our reports comes from Crunchbase,which gathers publicly-available information such as press releases and US Securities and Exchange Commission filings,as well as crowdsourcing directly from the industry.AgFunder contributes data from its own col

187、lection methods,including private communications with investors and companies.We also collect data from partners across the globe to ensure we have the most comprehensive,accurate and curated dataset and knowledge base of agrifoodtech companies and investments.The raw data is painstakingly curated b

188、y the AgFunder team,along with their data partners,to ensure they are relevant,accurate,up-to-date,and categorized according to AgFunders proprietary tagging system.We update and improve our dataset continuously throughout the year,meaning total figures from previous years reports will shift as our

189、dataset becomes more complete.In 2022,we tightened our definitions of what constitutes an agrifoodtech venture to ensure that the emphasis on food and agriculture is core to the business.Thats had a recalibrating effect on this years investment figures as well as some past data.Examples include logi

190、stics,drones,cloud and any other tech services that may have started in agrifood but have since added other sectors or pivoted away from agrifood.Weve maintained historical rounds that were raised on an agrifood focus,where we could.While we are happy to share our findings,we reserve all rights with

191、 respect to AgFunder research and this report and we require it to be fully and accurately cited when any of the data,charts,or commentary are used.Undisclosed FinancingsOf the 679financings in this reports curated dataset,175were undisclosed and could not be determined through research or direct so

192、urces.We exclude undisclosed financings when computing averages and median values.In some cases,were able to confidentially obtain financing figures directly from investors on the condition theyre only included in aggregate.Multiple FinancingsIn some cases,Crunchbase displays multiple financings for

193、 the same company in the same year.This can be because a company closes subsequent rounds in the same year,but it can also be the result of several closes of the same round.We keep them separate unless they are announced as one single round.CategorizationAgFunders categorization system is designed t

194、o capture broad themes across the complex agrifoodtech value chain.The agrifood sector has a wide supply chain spanning inputs and industrials,farming,logistics,wholesale distribution,processing,retail distribution,and the consumer.In many cases,technologies such as marketplaces connect different li

195、nks in the supply chain and so in this report weve chosen to focus on high-level themes.To assist with the categorization and to avoid subjectivity,AgFunder first employs over 150 machine learning and artificial intelligence models to suggest category placement and to help tag the company according

196、to the technology and its place in the supply chain.Finally,the AgFunder team manually reviews the suggestions for each company,often with significant research and debate among our team.Starting with our 2022 Asia-Pacific Agrifoodtech Investment Report,we added a new category Agrifood Fintechin ligh

197、t of Asia-Pacifics unique investment trends.The category encompasses startups whose primary objective is advancing financial inclusion for farmers,retailers and other agrifood businesses.This category will be applied to global data going forward.Weve also taken taken a stricter stance on cannabis an

198、d CBD-related startups;there needs to be clear proprietary technology involved.We will not include pure consumer packaged goods or pure production,as we wouldnt include pure production in any other crop.If we believe the growing facilities are particularly high tech or utilize proprietary technology

199、,we will still include it in our Novel Farming Systems category.The same goes for processed products;if the extraction technique is particularly innovative,well include it as a Biomaterials or Midstream Tech startup.Large vertically-integrated cannabis companies are also excluded.Special Acknowledge

200、mentTim Li and the rest of the Crunchbase team for their support and assistance,and to the teams of Bits x Bites and Omnivore for supplying local data and working closely with us on ensuring the accuracy of our research.ASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMImage creditsPage 2

201、5 Green RebelPage 28 SeadlingPage 35 MYCLPage 46 LYROPage 19 OmnivorePage 22 growAGCover MYCLPage 4 SingrowPage 7 GreenRebelPage 40 AgrifuturesPage 11 Thai WahPage 27 Green RebelPage 24 TepBacPage 18 AI PalettePage 30 SingrowPage 43 AquaconnectPage 21 MayaniASIA-PACIFIC AGRIFOODTECH INVESTMENT REPORT 2022|AGFUNDER.COMv agfunder agfunder agfunder AgFunderVCSubscribe to our must-read food/ag newsletter,research and alerts about our funds at For partnership and advertising enquiries,please contact