Agtech investment totaled $5 billion in disclosed value in 2020, according to an annual overview of the industry by Finistere Ventures, an agriculture and food venture capital investment firm based in California.
The figure, generated across 416 completed financing rounds, is double the sum generated in 2019 — the previous top year for agtech venture funding. It also comprises almost a third of the $15.9 billion raised in aggregate across subsectors such as indoor agriculture since the start of 2010. Certainly, 2020 was an extraordinary year for the agtech ecosystem, and the investment results speak to the resilience of investor appetite in the face of an unprecedented black swan event that disrupted markets and upended supply chains. Remarkably, though, until the fourth quarter, the bulk of capital came at the height of pandemic-induced uncertainty in the second quarter as investors and companies rapidly reacted to the radical alterations in workflows and due diligence pra
