Please note that below is a shortened excerpt of the report on food and beverage financing trends. View the full version here.
Key stats and figures from Q3 2024
- Venture funding increased by 16% quarter–over quarter, driven by more late stage investments compared to the second quarter of the year.
- The number of brands receiving disclosed venture funding rose to 51, from 52 the period prior. An additional 20 brands raised VC, but didn’t reveal the amount.
- Average investment per brand rose, mostly due to a few large rounds. The Top 5 brands in Q3 2024 accounted for $163M or 48% of total investment
- Median brand investment increased by $0.1M as institutional investors and funds continue to prioritize larger brands and transactions.
Venture volumes show few signs of resilience
Less than $350M has been invested in four of the last five quarters. Prior to that, every period between Q1 2021 and Q2 2023 was $410M or more.
Most funding goes to well capitalized brands
About $249M of the $341M invested in Q3 2024 went to companies that have raised $20M or more in total investment.
Deal volumes have fallen for rounds of all sizes
It doesn’t matter if you’re raising less than $1M or more than $50M, the number of deals getting done has generally declined across the board.