US: Agrifood tech investment surges to $10.1bn
Early Stage investment in agrifood tech startups reached $10.1 billion in 2017, posting a 29% year-over-year increase and reversing the downward trend of 2016 when agrifood tech investing dropped 9% to $7.8 billion from $8.6 billion in 2015.
2017 was a year of extremes. Large deals pushed the total investment volume up to post an encouraging 29% growth, but deal count fell by 17% to 949, with the most dramatic contraction at the crucial seed stage.
Large deals characterized 2017 funding for agrifood tech startups as the sector continues to mature and some large, international investors entered the space.
Read more at AgFunderNews (Emma Cosgrove)