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Fortune
Fortune
Allie Garfinkle

Foodtech deal count hit a record low in Q4 2024, says PitchBook

Marc Lore wears a t-shirt and jacket and sits onstage with a microphone (Credit: Kimberly White/Getty Images for TechCrunch)

Food is among the great invisible fabrics of our lives. It’s the rare thing in this world about which everyone—and I mean everyone—has opinions, loves, and hates. 

And that’s what makes foodtech compelling, even if the sector isn’t booming right now. Q4 2024 was a rather limited time for foodtech funding, according to new PitchBook data. Though VCs invested $2.8 billion across 200 foodtech deals in Q4, that marks both a record low deal count and 19% decline from Q3 that same year. 

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