Not Out of the Woods Yet

The numbers are better, especially in Europe, but it doesn’t really feel like it. Investors no longer experience FOMO and only a hand full of rounds seem to be “hot”. VCs are the most active investors but their ROI targets have increased due to the state of their existing portfolios; new entries need to carry the weight of the dead bodies. Private debt is doing well but is only available to companies with the right ratios.

H1 and Q2 2024 Report

Our comprehensive database tracks 11,639 investors who have made 25,564 investments across 10,113 rounds and 6,059 companies in the sectors of foodtech, agtech, wastetech, and textiletech. Here's a summary of H1 and Q2 2024 in 10 key bullet points:

• 11,639 investors have been active at least once since January 2018, with 6,300 active since January 2022. Among them, 904 are investing globally, and VCs form the largest group with 2,242 (1 in 3).

• 1,592 investors have made 3 or more investments since January 2022. The US leads with 563 investors, while the UK is a distant third with 105. Active investors often take the lead (1,182), split 60/40 between early and late-stage investments.

• 1,686 investors have been active year-to-date in 2024, with 212 making more than one investment.

• 458 first-time investors entered the space in 2024, with 377 investing domestically.

• 24 most active investors have made 116 investments year-to-date, with AgFunder leading with 9 transactions.
• $5.9 billion was raised in Q2 2024 across 273 rounds, with Europe surprisingly leading in both nominal value and number of rounds.

• Debt financing represented more than a quarter of the total raised in Q2 2024, although it was $2 billion less than Q2 2023 and $4 billion less than Q2 2021.

• VC financing increased by 20% in H1 2024 compared to H1 2023. However, Europe saw a slight decrease, with VC funding dropping from $1.66 billion to $1.56 billion.

• UK leads Europe in year-to-date VC deals, with 41 deals totaling $258 million. Turkey follows closely with $256 million from 5 deals, largely due to Getir’s $250 million raise.

• Top 10 VC deals in Q2 2024 totaled $1.75 billion, with Meati's $100 million deal being notable in a depressed market.

Happy to discuss further would you have a specific need.