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Food tech has created 35 unicorns globally, with a combined value of €169B, of which €30B from Europe
The State of European Food Tech 2018
Launched at
on 18 & 19 October
in partnership with
www.foodtech.vc
€169 billion
Combined value of global food tech
unicorns, of which
€30 billion
From 9 European companies, vs.
€43B in the USA from 10 unicorns
€6.5 billion
venture capital invested in food tech
in Europe since 2013
€21 billion
Value created by first wave of
European food tech leaders
€1 billion
2018 estimated investment in ‘next
generation’ food tech companies
63%
Annual growth in investment in ‘next
gen’ since 2013, in 1,241 companies
2
Europe produced 9 unicorns in
Food Tech, in the Food Delivery
segment in the past five years
Food Delivery received nearly
half of the €6.5 billion, but it
only disrupts ~1% of the food
retail market
The ‘next generation’ of food
tech entrepreneurs are focusing
on the 99%, reinventing
agriculture, food production
and consumption
3
Food tech has created 35 unicorns globally, with a combined value of
€169B, of which €30B from Europe
Source: Dealroom.co. Uber Eats excluded from €43 billion.
Agri-tech
Consumer brands
eCommerce
Restaurant tech
Delivery
Europe
€30B
USA
€43B
Asia
€83B
Rest of
World
€13B
Production &
Transformation
Distribution &
Consumption
Food tech is clearly heating up: globally €42B in combined
transactions in 2018 so far, excluding IPOs
4
Notable acquisitions
Transaction
Ele.me (China)
Meal ordering services in China
$ 3.0B acquisition
by Alibaba & Softbank
LevelUp (USA)
A user-engagement platform
$ 390M acquisition
by Grubhub
Cornershop App (USA)
On demand grocery delivery
$ 225M acquisition
by Walmart
Chewy (USA)
Sells dog and cat food, treats, and supplies
$ 3.4B acquisition
by Petsmart
Whole Foods (USA)
America’s healthiest grocery store
$ 13.7B acquisition
by Amazon
Notable investment rounds
Round
DoorDash (USA)
Food delivery across the US and Canada
$ 250M Growth Equity
Aug 2018
Instacart (USA)
Groceries delivered at your home
$ 150M Series E
Apr 2018
Ele.me (China)
Meal ordering services in China
$ 3.0B Growth Equity
Aug 2018
Indig