Venture capital investment in agtech startups totaled $?2.8 billion across more than 300 deals around the globe in 2019.
Agrifood venture pioneer Finistere Ventures released its ”2020 Finistere Ag and Foodtech Report,” which found that agtech deals continued to climb and reached an all-time high in 2019, while later-stage VC valuations across the agtech and foodtech ecosystem rose dramatically.
Venture capital investment in agtech startups totaled $ 2.8 billion across more than 300 deals around the globe in 2019. In contrast, foodtech investment decreased significantly in 2019 – down to $ 6.7 billion from its high of nearly $ 9 billion in 2018.
“The flow of money is shifting as the market matures. While more money pours into advanced crop protection technologies, indoor farming, alternative proteins, ingredient refinement, and supply chain advances, investment in mainstays like digital ag is beginning to drop as leaders start to emerge,” said Arama Kukutai, co-founder and partner at Finistere Ventures. “Likewise, those investment reallocations will help drive a healthier, more sustainable food and ag ecosystem where fundamental value has to be demonstrated.”
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The report provides in-depth analysis of global financing activity across the agtech and foodtech industries, a breakdown of regional variations, an evaluation of the investor universe, a ranking of top startups across the agtech and foodtech ecosystems, and an infographic of top 2019 trends and takeaways.