A pulse check on agri-food tech investments and trends in the wake of Covid-19
Agri Matters
English - June 15, 2020 12:30 - 39 minutes - 54.6 MBScience Technology agriculture innovation technology science venture capital farming agtech agritech foodtech Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
On this episode, we speak to John Friedman, Director at AgFunder, Andrew Ive, Founder of Big Idea Ventures, and Joseph Zhou, Managing Partner at Bits x Bites. Join us to hear from these three leading agri-food tech VCs on the state of the agri-food tech investment market in the wake of Covid-19 as well as the latest trends to watch.
Join us to hear from 3 leading agri-food tech VCs on the state of the agri-food tech investment market in the wake of Covid-19 as well as the latest trends to watch!
On this episode, we speak to:
John Friedman, Director at AgFunder
Andrew Ive, Founder of Big Idea Ventures
Joseph Zhou, Managing Partner at Bits x Bites
We got their expert takes on the health of the agri-food tech investment market and also discussed at length some of the promising trends and start-ups.
Here’s what you’ll learn from this episode:
While there have been some recent adjustments in deal flow with some correction in valuations, this does come after the industry had already witnessed a 5x growth in investments over the past few years.
If anything, Covid-19 has also made agritech investing a greater area of interest for a broader pool of investors - from Big Ag and Big Food corporations to family offices and governments. From Tyson to the Singapore government, the interest in the sector has grown as Covid-19 exposed the underlying fragilities and bottlenecks of the global food supply chain.
A key sector to watch is the Alternative Protein segment – be it plant-based meats or dairy, the relative safety and health benefits from consuming these products versus conventional animal protein products has grown in consumers’ minds
Personalized nutrition is another key area our VCs are watching as consumers these days are paying much more attention to the scientific merits of what they eat, and are also willing to invest more in their health.
When investing in startups, our experts look out for big ideas (AKA what is the TAM, and what is the impact), deep tech and strong execution.
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