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Funding Type Splits & Average Funding Evolution for Foodtech and F&B Scaleups Across MENA
MENA Foodtech Scaleups have had 376 funding rounds since 2010, of which seed stage rounds accounted for the majority at 51%.
The average funding round size has grown across each stage over the past 13 years.
Seed stage funding round has grown from an average $1 million through the 2010’s to reach $4.6 million in 2023.
Early stage foodtech funding sizes have varied over the years in MENA, starting with a high of $18M in 2011, but then dropping to an all-time low of $3.2M average round in 2016, to reaching an all-time high of $39.6M in 2021.
Early stage round sizes have stabilized back down to $17-20 Million in recent years.
Late stage funding rounds didn’t begin until 2019, and has varied in average funding round sizes from $18M to $145M in the past 5 years.
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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. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.
