Q1 2023 AgTech Venture Capital Investment and Exit Round Up
Last quarter, our analysis of Crunchbase data shows 216 AgTech startups raised a total of $1.44B, writes Kyle Welborn at CropLife. This represents a 44% drop in funding and a 13% increase in deals from Q4 2022. There were nine AgTech exits last quarter, all through M&A transactions.
AgTech Venture Investments
Below is a breakout of the deals and dollars that flowed to different sectors of AgTech last quarter:
The biggest increase in total investment dollars quarter-over-quarter was in the biological crop protection sector where companies raised $92M more than they did in Q4 2022. The largest category drop in total investment dollars was in the supply chain sector where companies raised $494M less than in Q4 2022. The average AgTech investment round last quarter shrunk to $6.6M, down from $13.4M in Q4 2022. The smaller round size trend has been consistent for the last year for AgTech startups.
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The 10 largest AgTech investments last quarter were as follows:
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