Remaining quarter, our research of Crunchbase knowledge presentations 146 AgTech startups raised a complete of $1.5B. This represents a 6% lower in investment and a 42% lower in offers from Q2 2023. There have been seven AgTech exits remaining quarter, during M&A transactions.
Key Takeaways from Remaining Quarter
In contrast to the primary two quarters of this yr the place the selection of offers were rising, Q3 noticed that pattern snap with a pointy lower within the selection of startup financings. Particularly, each one of the most 12 AgTech classes we observe skilled a decline within the selection of offers in comparison to the former quarter.
Whilst the overall funding quantity remained slightly solid in comparison to the primary two quarters of 2023 (with $1.4 billion in Q1 and $1.6 billion in Q2), this balance was once basically because of a restricted selection of really extensive financings, together with Indigo’s $250 million project spherical.
Over the primary 3 quarters of this yr, AgTech startups have secured $4.6 billion in investment. Compared, they raised $10.7 billion remaining yr and $12.2 billion in 2021. In 2023, AgTech startups are trending against project funding ranges like the ones in 2020 when the worldwide economic system was once disrupted by way of COVID-19.
AgTech Mission Investments
Above is a breakout of the offers and greenbacks that flowed to other sectors of AgTech remaining quarter.
The largest build up in overall funding greenbacks quarter-over-quarter was once within the waste relief and repurposing sector the place startups raised $132M greater than they did in Q2 2023. The most important class drop in overall funding greenbacks was once within the choice protein sector the place startups raised $355M lower than in Q2 2023. The typical AgTech funding spherical remaining spherical grew to $10.3M, up from $6.45M in Q2 2023.
The ten biggest AgTech investments remaining quarter had been as follows:
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