Overcoming Challenges: Leasing Equipment Boosts AgTech Startups

Agtech Startups Face Tough Year for Fundraising in 2023

Agtech startups had a challenging year for fundraising in 2023, according to reports from Global Agtech Initiative and CropLife. While these startups managed to secure $4.6 billion in funding during the first three quarters of the year, this figure represents a significant decrease from the $10.7 billion raised in the previous year and $12.2 billion in 2021. Additionally, although the number of agtech startups raising venture capital has increased, the average round size has fallen over the same period.