CoD-AgtechCapital-v16-ex1-st

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Venture capital funding in agriculture technology fell 30 percent in 2023.

Next-generation food start-ups are the hardest hit by funding woes.

Image description

A 2-panel step interactive shows investment in agriculture technology. The first panel shows a decade-long line graph from 2013–23, comparing all venture capital with agriculture technology (agtech) venture capital as a percentage of all funding. Both categories reached 100% between 2021–22, after which funding for both dropped steadily and landed as low as 40% by the end of the decade. The second panel compares the funding risk categorization of various agtech start-ups, showing how many months they are behind in funding requirements—whether they are at risk to be under their expected fund date, 0–4 months beyond it, or greater than 4 months beyond it. From worse to best funded, with a funding risk greater than 4 months beyond their expected funding date: ~20% of both digital/precision agriculture and next-gen food/protein ingredients; ~18% of controlled-environment agriculture; ~15% of biosustainable materials; and ~ 12% of sustainable inputs.
Source: PitchBook, Crunchbase, McKinsey analysis.

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Image description

A 2-panel step interactive shows investment in agriculture technology. The first panel shows a decade-long line graph from 2013–23, comparing all venture capital with agriculture technology (agtech) venture capital as a percentage of all funding. Both categories reached 100% between 2021–22, after which funding for both dropped steadily and landed as low as 40% by the end of the decade. The second panel compares the funding risk categorization of various agtech start-ups, showing how many months they are behind in funding requirements—whether they are at risk to be under their expected fund date, 0–4 months beyond it, or greater than 4 months beyond it. From worse to best funded, with a funding risk greater than 4 months beyond their expected funding date: ~20% of both digital/precision agriculture and next-gen food/protein ingredients; ~18% of controlled-environment agriculture; ~15% of biosustainable materials; and ~ 12% of sustainable inputs.
Source: PitchBook, Crunchbase, McKinsey analysis.

End of image description