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Saturday 21 May 2022

Startup investment tops $250m in 2021 – F&B just 4%

4th May 2022 By Staff Reporter | | @foodtickernz

Sustainable food production should be one of New Zealand’s major specialties as it moves towards net-zero emissions by 2050, according to an investment report from PwC, the Angel Association, and NZ Growth Capital Partners.

The autumn edition of the Startup Investment report found that in 2021 some $257.5m across 174 deals was invested in early stage investment in New Zealand – a 63% jump on 2020.

Food and beverage comprised just 4% of the total, with deep tech investment, including agritech companies such as Cropsy, taking in 31%.

Nuance Capital’s investment manager, Mitali Purohit, said the goal of net-zero emissions by 2050 requires across-the-board commitment, from innovators, policymakers and regulators.

She added that New Zealand needed to be at a point where it specialises in just three to five vertical streams, and included sustainable food production practices in her list, along with the clear need to improve farming emissions.

The Startup Investment report can be read here.



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