Agfunder：2024年全球农业食品科技投资报告（中译版）（78页）.pdf

1、Global AgriFoodTechInvestment Report 2024GLOBAL AGRIFOODTECH INVESTMENT REPORT 2024|AGFUNDER.COM03Introduction05Key insights072023 Investment highlights13Agrifoodtech VC trend predictions 202417AgFunder18Investments by category Including startups Nium,Rarebird,Goterra and Atinary48Investments by geo

2、graphy60Investments by stage68Food waste72Top investors74Category definitions75Sources&methodology76Data partners77Image creditsContentsGLOBAL AGRIFOODTECH INVESTMENT REPORT 2024|AGFUNDER.COMGlobal agrifoodtech investing in 2024The 50%year-over-year funding decline is a result of fewer and smaller d

3、eals.The decline in deal activity was less pronounced than dollar investment at 26%year-over-year(and we expect more deals to come to light in the coming months).Average deal sizes were down nearly 30%,year-over-year and some 50%on 2021.While some deals have been down rounds,dramatically shrinking s

4、tartup valuations,deal averages and medians,theres also been a halt to dealmaking in many instances at the early stages.This is in part down to some founders refusals to lower their company valuation expectations but in some cases,the correction has gone too far.Beleaguered plant-based company Beyon

5、d Meat has been trading on the Nasdaq stock exchange at a valuation of just 1x revenues;thats far below the 3x-5x multiples you typically see with an acquisition or among publicly-listed CPG companies,let alone the 8-10 x you might expect to see for tech companies.Given that VCs typically use the re

6、venues and earnings multiples of publicly listed companies to model out an“if everything goes right”scenario when pricing early-stage rounds,“now,even a$15 million valuation for a well-performing Seed/Series A startup can look rich,”Rob Leclerc,our founding partner,wrote to investors recently.Theres