Agtech Report

This report was reuploaded on February 10, 2023, to reflect an update to the select company highlight on page 30.

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Assessing agtech’s Q4 harvest

Agtech had a bad harvest in Q4, despite an on-going boom over the past few years. The burgeoning, all-encompassing vertical touching on agricultural technology saw better performance over the past three quarters despite difficulties all around. But volatile markets and rising interest rates put a damper on the booming segment. So, what if anything can be salvageable from agtech’s Q4?

Our latest report has you covered. PitchBook analyst Alex Frederick dives into the key deals, figures, and developments in the space.

Takeaways include:
 

• Investment activity was down 13.2% compared to 2021 with a total of $10.6 billion. Despite this, 2022 was the second-best year on record.

 

• Q4 saw startups raise only $1.3 billion, down 34.1% compared to last quarter.

 

• Exit activity saw a staggering 93% decline compared to 2021, amid a difficult global market environment.