Agtech’s harvest hasn’t been bountiful recently.
Startups in the space raised $1.2 billion across 161 deals in the first quarter, declines of 25.8% and 20.3%, respectively, from the previous quarter, according to PitchBook’s latest agtech report.
But select startups are still raising blockbuster sums. Oishii, an indoor vertical farming startup, raised $134 million in February, led by Japanese telecommunications company NTT. Seed gene-editing specialist Inari raised $103 million in January. And Captain Fresh, an Indian seafood cultivation startup, closed its Series C with $45 million, backed by investors like Tiger Global and Prosus in February.
Some investors are doubling down on the sector. Cibus Capital raised $135 for an agtech-focused VC fund in March, while Seviora Capital raised $173 million for an agrifood-centric venture fund in February.
Here are the 10 most active VC investors betting on agtech to transform the future of food since 2019.
Featured image by Caroline Suttie/PitchBook News