More money for Ag technology

posted by Andy Petersen - 

Investments in the early stages of agricultural technology in 2017 increased 29 percent, compared to 2016. AgFunder, a self-proclaimed online investment marketplace for agricultural technology, reports early stage investment in agriculture tech startups reached $10.1 billion in 2017, up 29 percent. The increase reverses a downward trend seen in 2016, when agriculture tech investing dropped nine percent to $7.8 billion from $8.6 billion in 2015. AgFunder announced the figures through its AgTech Investing Reports. The reports say large funding agreements pushed the total investment volume up, but a number of agreements fell by 17 percent to 949. Meanwhile, AgFunder says the investor base participating in agriculture tech deals continued to diversify with 1,048 unique investors participating during 2017, including Silicon Valley venture firms, state-backed government funds, pension funds, corporate entities, as well as the growing number of agriculture tech specialists.

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