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High-tech food companies that leverage science, different ingredients and novel ways of producing food in a more sustainable way are a hot ticket for investors.
According to Finistere Ventures, $8.37 billion was invested in the food technology space in the first three quarters of 2020. Many of these investments came from huge equity funds focused on technology, pension systems, celebrities with vast fortunes and Big Food.
Patrick Morris, who has worked in capital markets for 15 years, likes to see the enthusiasm around the alternative protein sector. But he also saw a problem that needed a solution. What we found is that there wasn t much opportunity for the retail investor to participate in some of these investments in the food space, and what we call the future of food, Morris said.