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Q4 2022
Foodtech Report
March 7, 2023
This report was reuploaded on March 13, 2023, to reflect an update to the table on page 15.
Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.
Generative AI takes a bite out of foodtech
Foodtech VC funding is finally on the road to recovery. After three quarters of declines, deal value stabilized in Q4, and the sector notched its second-largest quarterly deal count on record.
Bioengineered foods was the only segment to see positive year-over-year growth in Q4, but PitchBook analysts expect investment across foodtech to fully recover as broader market conditions improve.
Our latest Emerging Tech Research details recent VC activity in foodtech and ranks the most active accelerators, PE and VC investors, and strategic acquirers in the sector. The report also highlights emerging opportunities in sugar alternatives, generative AI in the food industry, and food production in space.
Table of contents
Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.
Generative AI takes a bite out of foodtech
Foodtech VC funding is finally on the road to recovery. After three quarters of declines, deal value stabilized in Q4, and the sector notched its second-largest quarterly deal count on record.
Bioengineered foods was the only segment to see positive year-over-year growth in Q4, but PitchBook analysts expect investment across foodtech to fully recover as broader market conditions improve.
Our latest Emerging Tech Research details recent VC activity in foodtech and ranks the most active accelerators, PE and VC investors, and strategic acquirers in the sector. The report also highlights emerging opportunities in sugar alternatives, generative AI in the food industry, and food production in space.
Table of contents
| Vertical overview | 3 |
| Q4 2022 timeline | 5 |
| Foodtech landscape | 6 |
| Foodtech VC ecosystem market map | 7 |
| VC activity | 9 |
| Emerging opportunities | 26 |
| Transforming food with generative AI | 27 |
| Revolutionizing space cuisine | 29 |
| Sweet innovation | 31 |
| Select company highlights | 33 |
| Nomad Go | 34 |
| The EVERY Company | 36 |