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August 09, 2020 | Tom Ballard

Associates at Finistere Ventures offer some challenging thoughts for agtech companies

With the latest edition of the “AgLaunch Bootcamp” wrapping-up its 2020 virtual program tomorrow, we thought this recent post from PitchBook News very timely. It was written by three associates at Finistere Ventures and concludes with some ominous thoughts: “Agtech companies are likely to face a turbulent outlook for 2021. With farming margins already under pressure prior to the pandemic, the availability, cost and health of labor, trade conflicts and consumer/voter pressure for sustainability gains all pose meaningful headwinds. The venture investment consequence is likely to be that start-ups in this space are under a double imperative: to prove their return on investment to farmers and their agronomists that they are essential and will help drive better on-farm profit, while also showing they can scale to profitability.”

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