$269 million into 41 deals in agriculture and food startups

$269 million investment dollars have been pumped into ag and food startups just this year according to the Seattle Times.  In terms of investment dollars, in 5 years, ag-tech could be one of the best funded industries of all.

Where is that money coming from? “The food sector is wasteful and inefficient,” said Ali Partovi, a Bay Area investor with large stakes in sustainable agriculture startups. “Silicon Valley has a hubris that says, ‘That’s stupid. Let’s change it.’ ”

Farm App

While there are already vertical farms and innovative hydroponic technologies popping up all over the West Coast, as ag-tech’s profile raises, that effect is just going to be magnified nationwide.

“It’s going to be bigger than cloud software, it’s going to be bigger than Big Data, because everybody eats,” said Paul Matteucci, a partner with U.S. Venture Partners and founder of Feeding 10 Billion, a nonprofit center to help ag-tech entrepreneurs. “And it’s going to be completely entrepreneur led.”

Not all of this is growth is going to be for vertical farms.  Vertical farms are just one answer to the question of achieving an environmentally resilient and regenerative food system. In fact, some of that growth might get pumped into agricultural practices that are downright destructive.

But it is exciting news for vertical farming nonetheless.  It means big business is listening and it means that more and more people are gearing up to tackle this problem head on.


 

By the way…

We are only going to give it out once and we are only giving it to people on the newsletter.

Urban Vertical Project is developing a killer presentation template for an amazing vertical farm funding pitch and we’re going to start giving it away for free at the end of this year!    Sign up below (just your first name and email, and we really, really won’t send you too much stuff) and follow us on Twitter @proverticalfarm.

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3 thoughts on “$269 million into 41 deals in agriculture and food startups

  1. Pingback: Let’s fix fertilizer runoff | The Urban Vertical Project

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  3. Pingback: $261m invested into food startups | Big Food Mart

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