1、20 I N V E S T M E N T R E P O R T 2020 ASEAN AgriFoodTech See our portfolio companies: AgFunder is one of the worlds most active foodtech and agtech VCs. Were rethinking venture capital for the 21stcentury. We were born online, and with our publication AFN weve built a global ecosystem of 80,000+ s
2、ubscribers. This gives us one of the most powerful networks to help build impactful and important companies. Our research reports are our love letter to the industry. AgFunder is a digitally-native venture capital fund Are you a corporate, startup, or investor? Learn how to get engaged We invest in
3、bold, transformational foodtech or that can fulfil their desires to be more health-conscious or environmentally friendly. Hence, investor dollars are flowing towards downstream businesses such as specialist online grocers or food delivery apps that can scratch these itches. In the longer term, wed e
4、xpect to see more investment flow towards upstream categories that likewise aim to serve the growing appetites of middle class consumers. Demand for non-animal derived proteins will require more funding for startups developing cultured, fermented, or plant-based meat substitutes. 3. Serving the smal
5、lholder Despite rapid growth of the regions urbanized middle classes, Southeast Asias agriculture sector is still dominated by low-income smallholders, often in remote rural areas. Some of the most significant upstream and miscellaneous investments last year reflected this fact. These include startu
6、ps that seek to better connect farmers with customers and suppliers, and farmer-focused fintech. 2020 ASEAN AGRI-FOODTECH FUNDING REPORT | AGFUNDER.COM 12 YEAR IN REVIEW Annual Financings | 2014-2020 Upstream + Downstream $83M $136M $85M $151M $318M $423M $350M* 2014201520162017201820192020 * estima