[07 March/AgFunder News]

AgriFood Tech start-ups raised $16.9 billion in 2018, a 43% increase year-over-year growth, according to AgFunder’s latest investing report. Deal activity also increased by 11 percent. A few factors contributed to the increase, including maturation of ventures. It wasn’t just start-ups developing technologies at the consumer end of the supply chain that drove those median increases. Solutions such as Indian restaurant marketplace Swiggy closed a $1 billion round and agtech start-ups building solutions for farmers and for the supply chain also raised large rounds, including Zymergen’s $400m Series C, Indigo’s $250m Series E, and a $300m round for an undisclosed Farm Management Software & Sensing start up. With $17 billion of investment in one year agrifood tech has become an established part of the venture capital sector. Over the past 6 years, investment in agrifood tech start-ups has increased 550 percent in total.