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Agtech’s big valuation reset
Valuations in the agtech industry level-set in Q1 as VC froth largely subsided from the past few years, according to PitchBook’s latest Q1 2024 Agtech Report. The median deal size was up 35% year-over-year, an indicator that more deals are concentrated in late-stage-boon companies like indoor strawberry grower Oishii and plant breeding platform Inari, which both closed nine-figure rounds in Q1.
And within agtech, agribusiness marketplaces are taking off as an innovation designed to streamline supply chains. Our latest report spotlights a slew of startups that are ahead of the curve, from grain marketplace provider Indigo to seafood e-commerce platform Captain Fresh.
Table of contents
| Vertical update | 3 |
| Q1 2024 timeline | 5 |
| Agtech landscape | 6 |
| Agtech VC ecosystem market map | 7 |
| VC activity | 8 |
| Emerging opportunity | 27 |
| Agribusiness marketplaces | 28 |
| Select company highlights | 32 |
| Tridge | 33 |
| Oishii | 36 |