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Expand chart
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

Trump set to appear at Pennsylvania GOP hearing on voter fraud claims

President Trumpat the White House on Tuesday. Photo: Chip Somodevilla/Getty Images

President Trump is due to join his personal lawyer Rudy Giuliani in Gettysburg, Pennsylvania, Wednesday at a Republican-led state Senate Majority Policy Committee hearing to discuss alleged election irregularities.

Why it matters: This would be his first trip outside of the DMV since Election Day and comes shortly after GSA ascertained the results, formally signing off on a transition to President-elect Biden.

Scoop: Trump tells confidants he plans to pardon Michael Flynn

Photo: Alex Wroblewski/Getty Images

President Trump has told confidants he plans to pardon his former national security adviser Michael Flynn, who pleaded guilty in December 2017 to lying to the FBI about his Russian contacts, two sources with direct knowledge of the discussions tell Axios.

Behind the scenes: Sources with direct knowledge of the discussions said Flynn will be part of a series of pardons that Trump issues between now and when he leaves office.

Erica Pandey, author of @Work
10 hours ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.