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The 10 most active VC investors cultivating agtech’s future

Despite a recent bad harvest, investors are still bullish on agtech, raising large vertical-specific funds.

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

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    About Jacob Robbins
    Reporter Jacob Robbins covers artificial intelligence and the venture capital ecosystem for PitchBook. Based in Seattle, Jacob is originally from Massachusetts and holds dual degrees in political science and cinema studies from the American University. His work has previously appeared in Air Mail and Business Insider.
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