Funding to restaurant and retail tech in Asia-Pacific expected to dip

In-store retail and restaurant tech in the APAC region netted $1.1 billion dollars in 2021, a 45% jump from 2020 levels, according to AgFunder’s recent Asia-Pacific AgriFoodTech Investment Report. In-store retail and restaurant tech emerged APAC’s fourth largest investment category, after eGrocery, Midstream Technologies and Restaurant Marketplaces. The deal was the largest in this category globally and contributed nearly half of APAC’s total in-store retail and restaurant tech investments. Top countries in restaurant tech fundingTrax’s $640 million round bumped up Singapore’s overall venture capital flows, positioning the country at the top with $708.1 million. China, well known for its advanced restaurant tech industry came in second with $155.6 million while Australia followed with $112.4 million.