Agtech startups have raised more than $320 million in 2017. That’s three times the amount raised over the same period in 2016.
So far, 23 agtech companies have received venture capital funding in 2017, Farmer’s Business Network topped the list, with $40 million in early March. Other companies receiving high levels of funding include Inocucor and Abundant Robotics, receiving $28.9 million and $10 million, respectively.
Crunchbase has identified just nine investors that explicitly fund agricultural ventures. But according to TechCrunch, the agtech sector is becoming more approachable, and investors of all kinds are increasingly more open to investing in agricultural technology. Previously, it was more common for biomedical or other adjacent industries to invest in agtech.