1、Africa AgriFoodTechInvestment Report ContentsMercy Corps03 Introduction04 About us05 Key insights07 AgFunder08 2024 Investment highlights14 2024 Investment trends19 Agrifoodtech categories in-depth24 Investments by stage26 Startup spotlight28 Appendix31 ContactAfrica Agrifoodtech Investment Report 2

2、02402African agrifoodtech investing in 2024This is our third edition of the Africa agrifoodtech investment report and its certainly been an interesting time.From a peak of over$700 million in funding in 2022,it crashed to a trough of$275 million last year in 2023.We dont yet know if 2024 will fare b

3、etter although in the first half of the year there were signs of recovery with a modest 1.6%year-over-year increase in funding.If investment in Nigeria is an indicator of the overall health of African agrifoodtech then we might be in for another down year as the country has fallen from being the mos

4、t active regional market in the sector to the third,closing just five deals worth$15 million so far in 2024.Theres also been movement in terms of the most popular categories for investment.Agribusiness Marketplaces&Fintech have overtaken Midstream Tech and In-Store Retail Tech to be the most popular

5、 category in 2023 and so far in 2024,taking 41%of all funding dollars and 36%of deal activity.There appear to be signs of increased gender diversity among founding teams however those with female founders raise disproportionally less than their male-led counterparts.On a positive note,climate tech f

6、unding has increased as a portion of overall investment so far in 2024,reaching 40%of funding to upstream categories,up from 24%in 2023.As ever thanks for reading and please be in touch if you want to support future iterations of this report.Louisa Burwood-Taylor and the AgFunder teamAfrica Agrifood