Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research reports.Startups in California — and more specifically Silicon Valley — scooped up almost half of all VC funding for US companies in 2022, according to AgFunder’s Global AgriFoodTech Investment Report 2023. US startups raised $12.4 billion in funding last year; California startups took $5.3 billion of that capital, a figure almost twice as big as the second-largest global market, India.California’s dominance shouldn’t surprise too much, given its deep roots both in agriculture and tech. The Golden State produces more than 400 commodities including dairy, rice and cattle in addition to more than one third of the country’s vegetables and three quarters of US fruits and nuts

Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research reports.Agrifoodtech investors took a major interest in eGrocery and restaurant marketplaces in 2022 — at least for the first part of the year. AgFunder data shows that three of the top five 2022 deals for agrifoodtech were in these food delivery sectors. Collectively the top 2022 deals totaled $2.79 billion and were split across North America, Asia and Oceana

As consumers increasingly look to digital channels to meet their grocery needs, small, specialized players are getting creative in their efforts to gain share from category giants by promising very specific benefits and advantages. But it’s not just customers that are taking note of the trend, as sustainability-focused eGrocer The Rounds, which promises reusable and refillable containers to minimize waste, announced in a blog post Wednesday (Oct. 5) that it had booked a $38 million Series A fundraise to further drive its expansion plans