Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.
Tag Archives venture capital
Ag tech venture capital stays on sidelines
Entrepreneurs need patience, more plan to achieve profitability to unlock investment
Farmers Edge launches IPO
Digital ag firm makes first public share offering to big demand
Manitoba’s best-known digital agriculture firm is now a publicly-traded company. Farmers Edge, founded in 2005 in Pilot Mound, Man. by agronomists Wade Barnes and Curtis MacKinnon, has carved out a niche using field-centric data, artificial intelligence and its FarmCommand data management platform. CEO Wade Barnes called it an exciting day during an online press conference […] Read more
Louis Dreyfus adds venture capital unit
New unit's potential budget not yet discussed publicly
Paris | Reuters — Agricultural commodities trader Louis Dreyfus Co. has launched a venture capital program to invest in food and farming firms while also announcing a change of head for its innovation business. “Over the coming months, we will invest in early-stage companies with the potential to transform the food and agriculture industries,” CEO […] Read more
Finding investors for agriculture technology
Agriculture hasn’t attracted the venture capital in Canada to help move local companies to global status, but that could be changing
There’s been a lack of investors willing to be patient with agriculture technology companies. Malcolm Campbell, vice president of research at the University of Guelph says that’s true especially around the early development stage. University of Guelph’s Gryphon’s LAAIR program helps researchers get to the start-up stage, but he says it could use 10 times […] Read more
Farm business tax credits on tap in Manitoba budget
Expansions and extensions for tax credits of use to Manitoba farmers and small agribusinesses were laid out Thursday in the province’s latest budget. Finance Minister Greg Dewar’s plan calls for an expansion of the province’s small business venture capital tax credit, broadening its list of eligible businesses to include “non-traditional farming” ventures, as well as […] Read more
Minogue: Precision farming seeks new converts at new price point
Silicon Valley venture capital firm Kleiner Perkins Caufield + Byers is investing in ag technology with a new stake in Farmers Edge — which in turn now hopes to build its services’ popularity through more attractive pricing. Winnipeg-based Farmers Edge is one of a number of companies hoping to profit from new technology by packaging data solutions […] Read more
Cyber-Savvy Farmer
