TOKYO/SINGAPORE/BANGKOK -- Investment in food technology startups in Southeast Asia is growing despite headwinds from the coronavirus pandemic as consumers in the region become more concerned with environmental sustainability and healthy lifestyles.
According to a report by AgFunder, operator of the online AgriFoodTech venture capital platform, investment in ASEAN agriculture and food tech startups reached $350 million in the first half of 2020, more than 80% of the total raised last year. Michael Dean, founding partner of AgFunder, said he "expects investment [this year] to exceed the 2019 figure."
