“Looking back at 2022, the foodtech ecosystem has shown once again its resilience. While valuations of public foodtech companies have decreased in value by 35% since their peak in 2021,privatefoodtech companies valuations grew almost by the same quantum (page 8 of this report). From an investment standpoint and if weexclude food delivery,foodtech is the only vertical sector,with real estate,that attracted more capital in 2022 than in 2021(page 10 of this report). This shift away from funding quick delivery models to businesses with stronger unit economics is probably the main change that happened in 2022 and that we expect to continue in 2023.
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