23% of all MENA Foodtech Funding in the past twelve and a half years from 1 January 2010 to 30 June 2023 went to MENA food delivery players, which had funding go to 8 countries across the region.
What's more remarkable is the second most funded sub-sector of foodtech was cell cultivation, which went to a single player: Believer Meats in Israel. Agritech garnered 11% of all funding, while Restaurant SaaS, Q-Commerce, and the Food Production sectors each took home 7% of the Foodtech funding pie.
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.