Final quarter, our evaluation of Crunchbase knowledge reveals 193 AgTech startups raised a complete of $2.78B. This represents a 27% drop in funding and a 21% lower in offers from Q1 2022, writes Kyle Welborn at CropLife. There have been six AgTech exits final quarter, all via M&A transactions. This represents a 54% discount within the variety of exits from Q1 2022.
AgTech Enterprise Investments
Under is a breakout of the offers and {dollars} that flowed to totally different sectors of AgTech final quarter:
The most important class drop in whole funding {dollars} was within the various protein house, the place corporations raised $589M lower than in Q1 2022. The most important improve in whole funding {dollars} quarter-over-quarter was within the new crops and genetics sector, the place corporations raised $129M greater than they did in Q1 2022. The typical spherical measurement continued to lower final quarter in comparison with rounds accomplished in 2021. The typical AgTech funding spherical was $19.3M in 2021, the place final quarter the common spherical measurement shrunk to $14.4M.
Learn extra at CropLife.
