Q3 2024 AgTech Venture Capital Investment and Exit Round Up
October 18, 2024 Last quarter, our analysis of Crunchbase data shows 161 AgTech startups raised a total of $1.5B. This represents a 3% decrease in funding and a 13% decrease in deals from Q2 2024. There were eight AgTech exits last quarter, all through M&A transactions.
Key Takeaways from Last Quarter
The AgTech sector saw a modest 3% drop in venture investments made last quarter, while overall venture investments were down 16%. AgTech investments represented a 2.26% share of the $66.5B of venture dollars invested globally.
AgTech exits increased by 14% quarter-over-quarter. Data from Pitchbook and the National Venture Capital Association count 606 venture backed exits last quarter. That means AgTech related deals accounted for 1.32% of all exits.
All eight exits last quarter were through M&A. There is some cause for optimism in the Invetx acquisition by Dechra Pharmaceuticals for up to $520M. While there is no way of knowing the details of any earn out connected with the deal, it is a big transaction and shows excitement for new animal health products. There have been a lot of startups buying other startups this year, which rarely result in much cash for shareholders. Dechra’s acquisition could result in some meaningful returns for Invetx’s team and investors.
AgTech Venture Investments
Below is a breakout of the deals and dollars that flowed to different sectors of AgTech last quarter:
The 10 largest AgTech investments last quarter were as follows:
AgTech Startup Exits
Below is a list of the eight AgTech exits from last quarter:
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