Top 15 Foodtech Deals of 2024

Welcome to 2025! The past year presented numerous challenges for venture capital firms and startups amidst capital shortages and geopolitical uncertainty. However, many foodtech startups demonstrated resilience and secured new funding despite the obstacles.

The AgFunderNews team is diligently working on AgFunder’s 2025 Global AgriFoodTech Investment report, set to be released in the first quarter of the year. In the meantime, here are the preliminary results and a ranking of the top 15 foodtech deals of 2024:

1. Wonder – Raised $950 million in two series C rounds.

   The American food delivery startup operates truck-based restaurants for convenient food ordering through a mobile app.

2. Zepto – Secured over $1.3 billion in late financing.

   The Indian eGrocery platform offers a 10-minute grocery delivery service, leading to exceptional growth.

3. Buyers Edge Platform – Closed a $425 million late round in April.

   The company specializes in data-driven procurement management for restaurants, enhancing efficiency in the foodservice channel.

4. Picnic – Raised $388 million in January.

   The Dutch eGrocery startup delivers fresh foods with electric vehicles, focusing on sustainability and waste reduction.

5. Foodsmart – Raised $200 million in June.

   The American startup offers a digital nutrition platform with personalized dietary recommendations to improve health outcomes and support those facing food insecurity.

6. Restaurant365 – Closed a $175 million late round in May.

   The company provides restaurant-focused enterprise management software for accounting, inventory, scheduling, and HR solutions.

7. Rohlik – Raised $171 million in June.

   The Czech eGrocery delivery startup offers a 90-minute same-day delivery service in multiple European countries.

8. Odeko – Raised $150 million in January.

   The restaurant-tech startup develops mobile ordering and supply chain management software for coffee shops and cafes.

9. Flink Food – Closed a $115 million series B round in September.

   The Berlin-based online startup provides grocery deliveries in ten minutes, focusing on convenience and quality.

10. Meati – Raised $100 million in May.

    The startup offers mycelium-based meat alternatives grown through biomass fermentation for nutrient-dense options.

11. ByHeart – Closed a $95 million series C round in May.

    The baby nutrition company translates nutrition science into formulas supporting babies’ health and parents’ peace of mind.

12. Starship Technologies – Raised $90 million in May.

    The San Francisco-based robotics startup develops self-driving robots for local deliveries within 30 minutes.

13. Perfect Day – Closed a $90 million late deal in January.

    The company produces dairy proteins nutritionally identical to cow’s milk without the associated downsides.

14. Dexory – Raised $80 million in October.

    The British company utilizes autonomous robots and AI for real-time insights on warehouse operations, enhancing operational efficiency.

15. Formo – Raised $61 million in September.

    Formo engineers microbes to produce dairy proteins via fermentation, offering innovative cheese alternatives.

*For this analysis, foodtech includes categories such as Innovative Food, eGrocery, Restaurant Tech, Online Marketplaces, Cloud Retail Infrastructure, and Home & Cooking Tech.

We excluded Midstream Technologies and Novel Farming Systems for this ranking.