Seed-Stage Struggles: Funding Drops in Food and Cannabis Sectors
In 2024, U.S. seed-stage investment experienced notable declines, with the food and beverage sector witnessing a staggering 47% drop, reaching its lowest funding level since 2017. The North American cannabis sector wasn't spared either, seeing its lowest funding since 2013 at just $11 million. Meanwhile, AR/VR and global e-commerce investments also experienced significant downturns, amidst a shift towards AI-focused funding.
Jan 26