The agriculture technology (agtech) industry has been in a funding drought over the past few years, with venture capital investments down by 60 percent since 2021 and by 30 percent in 2023 alone. Senior partner Roberto Uchoa and coauthors find that the impact has been particularly acute for agtech start-ups: $6 billion of investment in 30 important companies was lost in 2023 because of turnaround or distress situations. Nonetheless, the long-term outlook for the sector is promising, given the need to address food security and reduce carbon emissions from agriculture. Click through the interactive to see more.
To read the article, see “Seizing opportunities amid the agtech capital drought,” March 19, 2024.