2021 AgTech Venture Capital Investment and Exit Roundup
It’s been another fascinating year for AgTech investing, writes Kyle Welborn at CropLife. Last year shattered records for investments in AgTech startups. Based on our analysis of Crunchbase data, 632 startups globally raised $12.23B. This represents 137% growth in investment dollars in the space from last year, and 410% percent growth from five years ago in 2017.
In terms of AgTech exits, 2021 was also a big year with 39 venture backed startups exiting through M&A or a public listing. That represents a 179% increase in exits from 2020, and a 388% increase from the number of exits five years ago.
AgTech Venture Investments
There were 632 AgTech startups that raised capital in 2021. Below is a breakout of the deals and dollars that flowed to different sectors of AgTech:
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Alternative protein continues to be the area commanding the highest amount of investment dollars, representing 27% of all venture investments in this space last year. Supply chain related startups raised 19% of last year’s total. The area that saw the greatest increase in funding in 2021 was the food preservation space. Counterintuitively based on all the talk about carbon in agriculture these days, the area that saw the greatest decrease in total funding as a percentage were startups in the climate monitoring, crop insurance, and farmer financial services space.