As technology grows and develops, so does the food industry. This week, it has been demonstrated that the industry’s investments are still very much on the boil. A new fund, created by a handful of venture capitalists, has been announced with the goal of investing millions of dollars into the food technology sector.
The fund, named “Food Tech Ventures Fund”, was launched by Marc Ganzi, the founder of digital media company Ganzi Media Network, and a team of experienced venture capitalists. The fund aims to become one of the world’s largest food tech investors, with the goal of creating disruptive technologies for the food industry.
This new fund shows that there’s a strong appetite for food-related investments. It’s estimated that food technology investments are expected to reach up to $2.5 billion in 2020, which is up from $1.5 billion in 2018. This is a sign that investors are becoming more interested in the sector, as they look to tap into its potential.
The fund has already made several high-profile investments, including plant-based meat producer Beyond Meat, food delivery company DoorDash, and agricultural technology company Resson. The fund’s focus is on businesses that address global food-related problems, including food waste and food insecurity.
This new fund is a sign that food technology investments are still hot. With the global population continuing to grow, and an increasing demand for healthier and sustainable food, investors are likely to continue to look for opportunities in the sector. The launch of this fund is a testament to the potential of the food technology sector, and it is expected to bring in even more venture capital into the market.
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