Q1 2024 AgTech Venture Capital Investment and Exit Round Up
April 9, 2024 Last quarter, our analysis of Crunchbase data shows 178 AgTech startups raised a total of $1.3B. This represents a 1% increase in funding and a 5% increase in deals from Q4 2023. There were three AgTech exits last quarter, all through M&A transactions.
Key Takeaways from Last Quarter
The slight uptick in AgTech investment and deal activity last quarter mirrored trends in the broader venture capital landscape. At $1.3B, total quarterly funding for AgTech startups marked the fifth consecutive quarter below $1.5B. Throughout 2022, the sector consistently saw investment totals surpassing $2.4B each quarter. It seems that quarterly investment amounts have stabilized within a range of $1.2B to $1.4B since the bumper years of 2021-2022.
The 10 largest AgTech deals last quarter accounted for 47% of total venture funding, with an average round size of $7.2M, slightly up from 2023’s $6.9M average. AgTech investments constituted just under 2% of global venture dollars.
However, exits slowed significantly in Q1 2024, marking the lowest number of AgTech exits since 2020. Notably, no major agriculture company completed acquisitions, maintaining a long running quiet spell.
AgTech Venture Investments
Below is a breakout of the deals and dollars that flowed to different sectors of AgTech last quarter:
The 10 largest AgTech investments last year were as follows:
AgTech Startup Exits
Below is a list of the three AgTech exits from last quarter:
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