I have recently moved all my Agri Fintech activities into a new company called Graze and will use this to further develop the Agri Fintech ecosystem through advisory work and testing ecosystem propositions with companies in the Agritech, Agri Fintech and Fintech sectors.
I will touch on this more at a later stage but one of the first things I wanted to do was map out the Agri Fintech investment landscape and share this in report format with data running back to 2016. This will be coming in the next few weeks as I finalise the content and formatting.
However, I have the data ready for Q1 of 2022 and I’m too excited to keep it to myself for another year, so thought I would share with you all in this Issue as it is super exciting.
- 26 Investments
- $451m invested
- The largest round was Sayurbox Series C for $119m 🚀
- The smallest round was an Angel round for AgroFides, a fledgling US based company investing in West Africa - $55k
Lets delve in to the detail and I’ll give some key take aways as I see it. 👀
1️⃣ $$$ Up and to the right 🤑
In 2021, Agri Fintech companies raised a chunky $1.6bn. That is an astounding amount and I will delve into that later in my Report.
However, Q1 of this year as kept up that pace at least on annualised basis. $451m each quarter would be an excellent performance but I won’t be foolish enough to predict that continued pace of investment as funding markets have paused for breath.
But it is interesting to note that in the same period last year companies raised $186m, which demonstrates a 2.2X increase year on year.
What is possible?
Although, VC investment has slowed, I still expect some large rounds to happen later this year as I do know several companies who are in the market or going to market later this year with rounds that will be $50m+.
Plus there is also a major raise happening for Tingo ⤵️ who are attempting to uplist to the NYSE. A $500m raise might be an outlier in the world of Agri Fintech, but every little helps. 😉