UAE and Saudi Startups Have Taken the Lead in the List of the Top 5 Most Funded Foodtech Scaleups in MENA in 2023.
The most funded Foodtech startup in MENA is Dubai-based KITOPI, having raised over US $800M. Second-placed Believer Meats from Israel raised less than half of KITOPI, at $388M. Abu Dhabi’s Pure Harvest is among one of the world’s most well-funded agriculture tech players.
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.