European agritech is the new global focus, as startup investments nearly doubled in 2019

Spain

7 min read

Sep 28, 2020

By Gareth Gardiner Jones

Juan Francisco Delgado, Executive President of the European Foundation for Innovation and Technological Development (INTEC Foundation) © CompassList

Last year, European agritech surpassed China for the first time in investments received, with openings in multiple subsectors from big data to blockchain

In 2019, European agritech gained investments of $488.6m, more than a third of the total $1.2bn investment the sector had received to date, and accounting for half of the world's agritech investment, excluding North America. This was the first time that Europe has overtaken China as the world’s second most invested agritech region, delegates at the Smart Agrifood Summit in Malaga, one of Europe's biggest agritech trade shows, were told.
“This is a big headline for Europe because we are closing in on the US that was so ahead in innovation and we managed to just overtake China,” Executi...

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Edited by Bernice Tang

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