Agrifoodtech funding in Asia-Pacific (APAC) has demonstrated a remarkable recovery in 2024 from the lows of the last couple of years. As of the end of October 2024, APAC agrifoodtech startups have raised $4.2 billion in funding, a 38% increase on the $3.1 billion raised over the same period in 2023.

APAC agrifoodtech now accounts for 31% of global agrifoodtech funding, up from 10-year average of 26%. Bioenergy and Biomaterials startups attracted the most funding upstream followed by Ag Biotechnologies, while eGrocery continued to dominate downstream funding.