Agtech investments grow by more than 15 percent quarter-over-quarter
With the first official program in the recently launched “Appalachian AgriFood Innovation Cluster” starting in the middle of July, we thought this report from PitchBook was particularly timely.
Specifically, three factors are driving robust venture capital momentum into agtech start-ups in 2022 – increased concern for food security, data-driven productivity gains, and environmentally friendly agricultural techniques such as carbon monitoring tools and biochemicals. The result is that global agtech companies collected $3.3 billion across 222 deals in Q1 of 2022, a 15.5 percent quarter-over-quarter increase in deal value.
The report can be downloaded at this link.