Arama Kukutai and Spencer Maughan Discuss Trends in AgTech Investing in New Forbes Article
Arama Kukutai and Spencer Maughan co-authored a piece in Forbes discussing recent agtech exits and how new agtech unicorns are being created in vertical farming, microbial crop protection, and ag finance and insurance.
From the article:
Mega funding rounds from companies like Farmers Business Network, Gingko Bioworks, Indigo Ag and Plenty are redefining the agtech investment landscape as we move into 2018. Consistent with the first wave of agtech startups maturing, companies are looking to scale in a sector that has around $3 trillion value at the farm gate, and multiples of that downstream. In turn, a more diverse universe of investors supporting these companies is signaling a sea change in agtech investing. The total investment in 2017 topped $1.5 billion– setting a new record. With indoor farming, disruptive retail, along with genome and microbial tech all vying for the big dollars, there is understandable angst for the “have nots” trying to attract capital to compete with the “have mores.”