Investment in agrifoodtech startups has hit its lowest point in six years, declining nearly 50% from 2022 to 2023 as a result of fewer and smaller deals.
Agrifoodtech startups raised $15.6 billion globally in 2023, down 49.2% percent from $30.5 billion in 2022. Funding to all categories declined with the exception of two: Bioenergy & Biomaterials and Farm Robotics, Mechanization & Equipment.
Source: AgFunder
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