Venture capital money is pouring into startups in the agriculture sector. AgFunder founder Rob Leclerc explains why.
It’s not quite in Silicon Valley’s usual stratosphere, but it is noteworthy nonetheless: In 2018, investment in agricultural technology (agtech) startups totaled almost $7 billion. That’s a drop in the bucket compared to the $55.3 billion invested in new financial technology companies, but still a 44 percent increase over the previous year, and a huge jump from the $1.5 billion invested just five years before.
Image: https://www.corteva.com
