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.
$ 2.8 billion across more than 300 deals
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.
Investment in mainstays like digital ag beginning to drop
“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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