Global Foodtech Exit Activity by Year (2018-2023)

After the pandemic, we are seeing the exits in the food technology industry slow down. There were a total of 15 exits for VC-backed foodtech startups worth less than a combined $1 billion in Q1 2023, continuing the trend seen in Q4 2022. There were no IPOs and only one buyout, leaving M&A deals to make up the majority of exits during the quarter.

The M&A market remains bearish due to higher interest rates. Exit activity is expected to remain subdued until the IPO markets heat up again.