The Next Phase For Agriculture Technology

Agriculture technology is no longer a niche that no one’s heard about. Agriculture has confirmed its place as an industry of interest for the venture capital community after investment in agtech broke records for the past three years in a row, reaching $4.6 billion in 2015. the opportunity to bring agriculture, a $7.8 trillion industry representing 10% of global GDP, into the modern age has caught the attention of a growing number of investors globally. In our 2015 annual report, we recorded 503 individual companies raising funding. This increasing interest in the sector coincides with a more general “Third Wave” in technological innovation, where all companies are internet-powered tech companies, and startups are challenging the biggest incumbent industries like hospitality, transport, and now agriculture.