The Agtech Investing Report 2014 captures 264 deals worth $2.36 billion. Read it for an in-depth look at the industry, sectors, and all deal data for 2014.
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The Agtech sector had a record breaking year in 2014, with $2.36 billion invested across 264 deals. The big takeaway is that agriculture is being transformed by a confluence of new technologies drawn from many industries: from genomics and non-GMO crop technologies, to drones and the Internet of Thing (IoT) that give farmers real-time information, to protein substitutes that threaten to disrupt the meat industry, and delivery services that threaten to disintermediate traditional grocers and connect farmers more directly with consumers.
The opportunity for technology to modernize agriculture is massive. Agriculture is a $6.4T global industry that employs 1.3 billion people worldwide and new technologies are emerging which are promising to transform agriculture from a calcified industry to a tech industry as it races against a growing population and middle class, changes in taste and diet, and faces its impact on the environment.