Foodtech Startups in the Middle East Raise over US $2.6 Billion in the past Two Years

By Erika Masako Welch, 21 August 2023

Lucidity Insights in partnership with Entrepreneur Middle East and Foodics recently published a Special Report titled “The Growing Business of Foodtech,” which sheds light on the global foodtech industry and its unicorns, and details the hot up-and-coming trends in the sector according to the latest funding data.  

Globally, foodtech hit an all-time-high in 2021, when the sector raised a landmark US $46.8 billion across 1,987 deals. 2022 saw a market stabilization back to the US $21.4 billion invested, which was typical of years before. Time will tell if the VC winter has taken hold of the s

Register & Read for Free

Just login or create a free account to enjoy our content


Related Report

The Growing Business of Foodtech

There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived.