Food security, sustainability, traceability. Three of the major challenges faced in food supply and agriculture today which are crying out for greater innovation. So where better to look to for this innovation than Europe’s food & agricultural superpower, France?
Just this month France soared in the rankings of the world’s most innovative countries, and as the country with the largest amount of agricultural land in Europe it is unsurprising to see cutting edge innovations in AgTech & FoodTech emerging from the country.
French AgTech and FoodTech companies are attracting increasing interest. The ecosystem has received over €1bn investment since 2013, and 2019 was a record-breaking year for the industry with a 66% increase in investments.
As the continent’s biggest producer of agricultural goods, France is home to FoodTechs & AgTechs that are well-aware of the challenges faced by the industry. They see and experience these issues first-hand, giving them real motivation to find solutions to improve the industries.
The pace has already been set with foreign investment projects in the French agri-food sector have increased by 77% in the last ten years. With over 600 active FoodTech companies in France, you’d be spoilt for choice, so we’ve picked 4 of the key ones to watch, who provide innovative answers for some of today’s biggest challenges.
Who are the French Food Tech startups you should know about?
🍷 10-Vins’s D-Vine is the Nespresso of the wine world. The company is a wine distributor specialised in single dose wine bottles to increase sales for hotels and restaurants. Its bottles come along with its connected sommelier, the D-Vine, which is revolutionising the way wine is enjoyed with their technology that aerates wine by the glass, brings it to the optimum serving temperature, and creates divine tasting conditions in under a minute. Almost a quarter of Paris’ 4- and 5-star hotels are equipped with the D-Vine, along with hundreds of restaurants. With its 70 fine wines in single dose ‘flacons’, there are no half-finished bottles left unsold.
⛓️ 86% of consumers believe food brands should be more transparent. Connecting Food uses blockchain technology to bring total transparency to consumers, boosting the confidence with real-time quality audits and product tracing. By simply scanning a QR code, consumers can discover the entire journey of the product in their hand, from farm to fork. Already working with more than 20 B2B clients, including large groups such as Mondelez and Nestlé, its solution strengthens supply chains through greater visibility between partners. It also allows brands to regain control over their image and reputation by proving their commitments to sustainable food production. The company has raised over €5 million in total since its creation in 2016.
🤝 Another French company using tech to boost knowledge is OKP4, a decentralised, open-source platform which pushes data and knowledge sharing across the agricultural sub-sectors – empowering farmers to use the knowledge to improve their work and produce. The platform not only facilitates knowledge sharing securely but also makes it possible to remunerate all contributors.
Having raised €500,000 in seed funding through business angels and Bpifrance earlier this year, the company is now working towards a Series A round of €1.5 million to go export (UK, Canada, Morocco, Senegal, Germany and Ukraine).
🚜 MyEasyFarm is changing the way farmers work, bringing greater efficiency to agriculture through its software which uses connected data and artificial intelligence to help farmers and cooperatives better manage their land, make decisions more efficiently and boost profitability as well as sustainability – all in one place, and securely.
The platform collects, manages, transfers and analyses agricultural data from many sources (fields, satellites, drones, Ag machines, weather, IoT sensors) to reduce product usage and enhance crop cycles.
MyEasyFarm is ISOBUS certified and exchanges data with Ag machines whatever the brand (John Deere, CNH, AGCO, Claas, Agrirouter and many others) for real time variable rate applications and automated traceability.
MyEasyFarm also develops CO2 emission/storage reports to help farmers reduce their GHG emissions by changing crop cycle practices.
Interested in learning more about the Food Tech scene in France? Or in meeting any of the start-ups mentioned? Drop by the virtual French Pavilion on the Business France tab at Food Tech Matters and book a meeting.