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Responding to these shifting trends, food tech funding flowed into related services. Food tech companies raised around $17.3 billion across 631 deals for the year. Sixty-eight percent of that went to e-commerce and delivery businesses. Meal kits alone raised $6.2 billion, and e-commerce companies raised $5.3 billion within the food tech category. The largest deal last year was an $800 million round of funding for the Chinese group-buying app for groceries, Xingsheng Youxuan. The world also saw how a crisis could disrupt the normal production, processing and distribution of food. Farmers had t...

Covid and 'peak cow' created a boom for food and agriculture tech in 2020 CNBC 2 days ago Lora Kolodny Food and agriculture start-ups attracted a record $22.3 billion in venture funding last year — twice as much as these segments raised in 2019, according to a new study by Finistere Ventures. With people stuck at home during the Covid pandemic, demand spiked for food e-commerce, such as meal kits and deliveries. The world also saw how a crisis could disrupt the normal production, processing and distribution of food. Arama Kukutai, a partner at Finistere, said that drove in...

Responding to these shifting trends, food tech funding flowed into related services. Food tech companies raised around $17.3 billion across 631 deals for the year. Sixty-eight percent of that went to e-commerce and delivery businesses. Meal kits alone raised $6.2 billion, and e-commerce companies raised $5.3 billion within the food tech category. The largest deal last year was an $800 million round of funding for the Chinese group-buying app for groceries, Xingsheng Youxuan. The world also saw how a crisis could disrupt the normal production, processing and distribution of food. Farmers had t...