The AgTech industry features nine unicorn startups addressing challenges in food production and supply chains. These companies are spread across the globe, from the United States and Canada to Germany and South Korea.
Farmers Business Network leads with a $4B valuation for its digital farmer-to-farmer network. Other notable companies include Tridge, a South Korean trade platform valued at $3B, and Pivot Bio, which has raised over $616M to help crops produce their own nitrogen.
Below is the full list of 9 AgTech unicorn startups at this time.
Top 9 Most Valuable AgTech Unicorns
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Get the Sheet for $50Farmers Business Network built a digital platform that connects farmers, giving them a single place to buy supplies, access financing, and market their products. They use data analytics and the power of their network to help farmers reduce costs and increase the profitability of their operations.
| Valuation | $4B (Joined August 2020) |
| Headquarters | San Carlos, California, United States |
| Year Founded | 2014 |
| Founders | Amol Deshpande, Charles Baron |
| Funding Amount | $967.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Kleiner Perkins, BlackRock, Fidelity, GV, Temasek Holdings |
Tridge operates an online trade platform that matches global food and agriculture buyers with sellers. They support the entire transaction process with market intelligence and fulfillment services.
| Valuation | $3B (Joined August 2022) |
| Headquarters | Seoul, Seoul-t'ukpyolsi, South Korea |
| Year Founded | 2015 |
| Founders | Hoshik Shin, Kangwook Lee, Minjong Chung |
| Funding Amount | $113.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | SBVA, Activant Capital, Forest Partners, DS Asset Management |
Inari uses biotechnology to design seeds that contribute to a more sustainable food system. Their work in predictive design and gene editing aims to create crops that are more efficient and require fewer resources.
| Valuation | $2.17B (Joined May 2021) |
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2016 |
| Founders | David Berry, Ignacio Martinez, John Casey |
| Funding Amount | $753M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series G |
| Top Investors | Pavilion Capital, G Squared, Abu Dhabi Investment Authority, Acre Venture Partners, Flagship Pioneering |
Pivot Bio creates microbial products that enable crops to pull nitrogen from the atmosphere, reducing the need for synthetic fertilizers. Their technology helps farmers increase their profitability and operates as a more sustainable method for delivering essential crop nutrition.
| Valuation | $2B |
| Headquarters | Berkeley, California, United States |
| Year Founded | 2011 |
| Founders | Alvin Tamsir, Karsten Temme |
| Funding Amount | $616.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Rockefeller Capital Management, National Science Foundation, Bill & Melinda Gates Foundation, Temasek Holdings, Generation Investment Management |
Apeel Sciences develops a plant-based protection for fresh fruits and vegetables that slows the rate of spoilage. This edible coating helps reduce food waste throughout the supply chain while improving the quality of produce available to shoppers.
| Valuation | $2B (Joined May 2020) |
| Headquarters | Goleta, California, United States |
| Year Founded | 2012 |
| Founders | James Rogers |
| Funding Amount | $719.1M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | International Finance Corporation, S2G Investments, Andreessen Horowitz, Rhapsody Venture Partners, Temasek Holdings |
eFishery builds technology for the aquaculture industry, including an automated smart feeder for fish and shrimp farms. Their platform offers farmers data and tools to make their operations more efficient and profitable.
| Valuation | $1.3B (Joined May 2023) |
| Headquarters | Bandung, Jawa Barat, Indonesia |
| Year Founded | 2013 |
| Founders | Chrisna Aditya, Gibran Huzaifah, Muhammad Ihsan Akhirulsyah |
| Funding Amount | $372.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | International Finance Corporation, 500 Global, Peak XV Partners, Endeavor Catalyst, Temasek Holdings |
Semios provides an all-in-one crop management platform for growers of tree fruit, nuts, and vines. The system uses a network of sensors and data analytics to help farmers increase yields and reduce risks from weather and pests.
| Valuation | $1B |
| Headquarters | Vancouver, British Columbia, Canada |
| Year Founded | 2010 |
| Founders | Michael Gilbert |
| Funding Amount | $215.4M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Angel Forum, Morningside, CIBC Innovation Banking, Morningside, Sustainable Development Technology Canada |
Infarm builds and distributes modular vertical farms that bring fresh produce directly into urban environments. Their smart farming units are often found inside grocery stores and restaurants, allowing for hyper-local food production year-round.
| Valuation | $1B (Joined December 2021) |
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2013 |
| Founders | Erez Galonska, Guy Galonska, Osnat Michaeli |
| Funding Amount | $604.5M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Atomico, Lightrock, Cherry Ventures, Astanor Ventures, LocalGlobe |
Nature's Fynd creates a range of vegan foods from a nutritional protein derived from microbes. They use this unique ingredient to produce items like dairy-free cream cheese and meatless breakfast patties as sustainable food alternatives.
| Valuation | $1B (Joined July 2021) |
| Headquarters | Chicago, Illinois, United States |
| Year Founded | 2012 |
| Founders | Mark Kozubal, Matthew Strongin, Thomas Jonas |
| Funding Amount | $509.6M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Generation Investment Management, Hillhouse Investment, National Science Foundation, Breakthrough Energy Ventures, Trinity Capital |
