The climate tech VC investment in Europe is still very much in its infancy, and that we need a lot more of it.
The continent’s generally early-stage agrifoodtech ecosystem is blooming with startups addressing food-related climate challenges head-on. What’s needed: more growth and late-stage funding to get these technologies out of the lab and into the field (literally) at scale.
One quick look at the top late-stage deals for 2021 European agrifoodtech startups underscores the point.
Companies developing upstream technologies, or those closer to the farm or lab, were few and far between when it came to late-stage VC investments in Europe last year. According to data in AgFunder’s 2022 European AgriFoodTech Investment report, just one upstream company scored a $100-million-plus late-stage (Series D and after) round last year.
Read more at agfundernews.com