I’m very excited to announce that our sister website FutureFoodFinance has launched their SPAC watchlist. Obviously SPACs have their detractors, but they are also a brilliant way for public market investors to buy into earlier stage private businesses, going public through a SPAC. And surprise, surprise, there are loads and loads emerging in the Foodtech space – which is where the FFF SPAC watchlist comes in !
You can see the full list here : https://www.futurefoodfinance.com/page/spac-watchlist
The team at FFF have spent the last few months crunching through data emerging from the Foodtech space focusing on valuations and latest funding rounds.
Overall, the list features 80 companies disrupting food delivery, e-commerce, AgTech, alternative proteins and other sectors reveals those companies nearing the scale needed to power a SPAC. Four companies in the directory have a value of more than $5bn (£3.6bn) while 30 have a value of $1bn ( £720m), or higher- indicating the rude health of the FoodTech industry.
The directory also shows details of these firms’ latest funding rounds, revealing that $6.79bn (£4.94bn) has already been raised this year. Broken down by sectors, food delivery and e-commerce are the sectors with the most highly valued companies, the directory shows. For instance, the highest valued firm in the directory is US on-demand delivery service Gopuff, which is valued at $15bn (£10.92bn).
The Philadelphia-based firm, which delivers food and other products across US cities, has seen a staggering rise in its valuation, as was valued at $3.9bn (£2.82bn) only late last year.
Other highly valued US disrupters making the list include driverless delivery service Nuro, valued at $5bn (£3.6bn), which raised $500m (£364m) in March this year and Zume, the robotic pizza maker, valued at $4.6bn (£3.35m).