 | From the Editor's Desk
Investors Are Souring of Food Tech Companies. Here's Why - Inc.com (No paywall) The total value of venture capital deals for food tech companies fell by half for the second year in a row, according to a report released today by Pitchbook. Overall, global VC funding for food tech fell to $9.2 billion in 2023 from $22.5 billion in 2022--and well off the high of $39 billion in 2021. The number of deals in 2023 dropped to 1,393, from 2,052 the year before.
The report attributes the drop to difficult market conditions, including inflation and high interest rates, as well as limited options for exits through acquisitions or initial public offerings. The environment might be particularly challenging for newcomers, with an increasing share of deals happening at the late and venture-growth stages.
Continued here
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