Foodtech in Latin America
Today, the foodtech ecosystem in Latin America is valued at $21 billion, up from $16 billion at the end of last year. However, more than half of the value comes from the three food and grocery delivery unicorns Rappi, Cornershop and iFood. Since 2016, the foodtech ecosystem in Latin America has grown 12x compared to 6x for the global one.
In total, $4.6 billion have been raised by foodtech startups in Latin America since 2010. However, it is 5.6x and 15.8x lower than more developed tech ecosystems such as Europe and USA, respectively. The foodtech ecosystem in Latin America is super early stage and there are plenty of growth opportunities.
Wonder where to start exploring the ecosystem? Here are the top foodtech startups in Latin America according to our Dealroom Signal, a unique predictive algorithm to discover promising companies.👇