Source: Agtech investment momentum continues despite economic downturn

Summary of article:

  • In the Asia Pacific region, there were 55 deals involving Australian startups in 2021 worth a combined $A565.5 million.
  • Restaurant technologies and a plant-based protein company were among the largest Australian agfoodtech investment deals of 2021.
  • Farm robotics, mechanisation and equipment accounted for US$348 million worth of tech investment globally last year, and a similar figure for innovative foods. This signals the growing maturity of agri business in Australia.
  • What’s promising is the success of AgriFutures Australia which fosters investment and collaboration in agrifood tech through the GrowAG platform and evokeAG program.
  • Brisbane-based farm robotics company Lyro, connected with Artesian Ventures via the growAG which subsequently led to investments from venture capitalists.

Leave a Reply

Your email address will not be published. Required fields are marked *