Even as global funding levels drop, agri-tech start-ups remain a key driver of investment in emerging markets as they work to make farming greener, more productive and more climate resilient. Global investment in agri-tech start-ups totalled $10.6bn in 2022, down 13% from 2021 – a record funding year for global start-ups – but ahead of the 2020 figure of $7bn. Significantly, venture capital investment levels in agri-tech and food technology have grown approximately 20-fold in the last ten years. On a global scale, the majority of agri-tech start-ups that received funding in 2022 specialise in AI, digitalisation and internet of things. After acquiring a farm management and planning software company in 2022, the firm secured $16.5m in a Series A round led by Brazilian investment company Alexia Ventures.

Source: The North Africa Journal March 11, 2023 01:19 UTC