Interessant lesing.
Increasing food insecurity. Inflation driving up food, energy and commodity prices. War. Missing climate targets. Drought. Unpredictable weather patterns. A new US Farm Bill. Labor shortages. The list goes on.
These are the macro headwinds facing the world in 2023, many of them interconnected, and all of them making the transformation of our food systems more urgent than ever.
But crazy as it may seem, especially to people outside of the industry, this macro backdrop is actually translating into more interest in agrifoodtech. Several VCs I surveyed said that agrifoodtech is increasingly becoming a core part of climate tech, which itself is growing rapidly as an area of general investor interest. And while some were dismayed not to see more investment and successful fund closes as a result, I know anecdotally from the AgFunder investment team that it’s been a surprisingly good time to raise.