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Reproduced from an AgFunder report; Chart: Axios Visuals

An example of a growing new food industry seeing burgeoning growth is agrifood tech — companies aiming to improve or disrupt the global food and agriculture industry. Companies in the space are already a mature market for venture capitalists and deals have consistently gotten bigger in recent years, data shows.

Details: In 2017 and 2018, the largest venture deals across the food and agriculture supply chain were in the food delivery segment.

  • U.S.-based food delivery company Instacart saw a $600 million Series E funding round last year that followed a $400 million Series D funding in 2017.
  • Brazil's restaurant marketplace iFood garnered a $590 million funding round last year, the country's largest ever.
  • India's Swiggy, an online market for restaurants, is now valued at $3.3 billion after a $660 million investment from South Africa's Naspers.

What they're saying: "Until now, multinational corporations have exerted tremendous influence on what people eat and how staple food and food ingredients are procured and transported," UBS global wealth management analysts wrote in a recent white paper titled "The food revolution."

  • Today, however, "shifting demand patterns are disrupting the industry and forcing big food companies and traders to scramble to stay ahead of consumers."
  • "This move is being funded by some of the wealthiest individuals and corporations in the world."

Go deeper: Investors are missing out on the food revolution

Go deeper

Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

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  1. Global: Total confirmed cases as of 4 p.m. ET: 31,175,205 — Total deaths: 962,076— Total recoveries: 21,294,229Map.
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  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

McConnell: Senate has "more than sufficient time" to process Supreme Court nomination

Senate Majority Leader Mitch McConnell (R-Ky.) said in a floor speech Monday that the chamber has "more than sufficient time" to confirm a replacement for Supreme Court Justice Ruth Bader Ginsburg before the election, and accused Democrats of preparing "an even more appalling sequel" to the fight over Brett Kavanaugh's confirmation.

Why it matters: Senate Minority Leader Chuck Schumer (D-N.Y.) has said "nothing is off the table next year" if Republicans push ahead with the confirmation vote before November, vowing alongside Rep. Alexandria Ocasio-Cortez (D-N.Y.) to use "every procedural tool available to us to ensure that we buy ourselves the time necessary."

House Democrats file legislation to fund government through Dec. 11

House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images

House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11.

Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown — something both Hill leaders and the White House have claimed is off the table.