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ARTICLE · 02 MARCH 2022

What Is Driving Increasing Investment In AgTech Sector

The AgTech sector has not historically been a hotbed for investment. It was seen as an industry unlikely to yield significant returns. But that is changing.

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The AgTech sector has not historically been a hotbed for investment. It was seen as an industry unlikely to yield significant returns. But that is changing. A recent Crunchbase article highlights the significant investment pouring into AgTech startups over the last year and what might drive this new industry interest.

Crunchbase data showed 5 billion dollars over 440 funding deals to VC-backed startups in the AgTech space in 2021. That is compared to $3.3 billion over 422 deals in 2020. In just the beginning of 2022, there has already been $1 billion invested in AgTech startups. One of the significant investments in 2022 so far was the $400 million Series E investment in the farming startup Plenty, which has now raised over $940 million since 2014.

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