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Even though there’s no shortage of investors and firms looking
to see which technologies are likely to deliver the next financial
blockbuster, there have been shortages of investment funds for
ag tech at some entry levels, said TechAccel’s Brett Morris. It’s a
funding gap that he noticed early in 2017, when he was approached
by several CEOs seeking additional funding for their start-ups.
Morris said he noticed agtech-angel/seed funding was recently on
the rise, while more valuable Series A funding showed a sharp
decrease in 2016 from the previous year.
“This is nothing out of the ordinary for venture professionals, as TechAccel's Brett Morris
we see hundreds of deals come across our desk annually. These
conversations, however, were different from the previous year.
Most of the entrepreneurs were struggling to find investors with an
appetite for early-stage risk,” Morris wrote in a blog for
GlobalAgInvesting.com.
“More start-ups competing for a limited amount of funding at the next stage presents a problem for
many founders,” he added. There were also more entities helping start-ups get established,
as AgFunder reported in their 2016 Annual Report (See below).
www.Agri-Pulse.com 63
