36Impact Investment Funds Webinar Series (Part II) – The Future of Food
Continuing on from our Impact Investment Funds Webinar Series earlier this year, ClearlySo, Octopus Investments and Paul Hastings have teamed up again to bring you more webinars, this time covering the topics of energy, the future of food, real estate and economic recovery.
Our fifth webinar of the series on 15th October will take a deep dive into The Future of Food.
On the first trading day in May 2019 shares of Beyond Meat soared 163%, the best performing IPO for nearly two decades. At one point in 2019, Beyond Meat was bigger than 25% of companies in the S&P 500. Despite volatility in the stock since launch and the company’s heavy exposure to a food service slump during the coronavirus pandemic, the company is currently valued at $7.8bn.
Beyond Meat’s IPO could be considered an inflection point and the start of major changes in our food system. Since then two of the largest U.S. milk processors have filed for bankruptcy, Swedish oat-milk maker Oatly has reached a staggering $2bn valuation after selling a $200m stake to a group led by private-equity giant Blackstone, and cellular agriculture company Aleph Farms has successfully grown meat in space.
Capital has been flowing into the space at an increasing rate. Venture investments in plant-based meat and dairy alternatives soared to $1.1 billion this year, up from $457 million in all of 2019, while investments in companies that grow cell-based meat more than tripled to $290 million from $75 million.
With food considered the largest industry in the world (the World Bank estimates 10% of global GDP), institutional investors have started to take notice of the changes underfoot and consider how to integrate the evolving market dynamics into their investment theses.
To help navigate the emerging food tech sector ClearlySo and our partners have brought together experts in the field across investment, science, and policy to discuss the changes underfoot and how we might all be eating in the years to come.