2025年一季度农业科技领域风险投资趋势（英）2025

Investment Rating - The report indicates a cautious investment environment in the agtech VC sector, with a notable decline in deal activity and value in Q1 2025 compared to Q4 2024 [15][16]. Core Insights - The agtech VC sector experienced a total of $1.6 billion in deal activity across 137 deals in Q1 2025, reflecting a 3.7% decrease in deal value and a 24.7% decrease in deal count from the previous quarter [15][16]. - Investors are becoming more selective, focusing on fewer, higher-quality opportunities, as evidenced by the increase in median pre-money valuations and deal sizes [16][24]. - The agricultural biotechnology segment led the investment activity, attracting $797.4 million across 55 deals, while precision agriculture followed with $266.2 million from 38 deals [22]. Summary by Sections Agtech Landscape - The report outlines various segments within the agtech landscape, including ag biotech, agrifinance & e-commerce, indoor farming, animal agriculture, and precision agriculture [9]. VC Activity - Q1 2025 marked a cautious start for the agtech VC sector, with a total of $1.6 billion across 137 deals, down from $1.7 billion and 182 deals in Q4 2024 [15]. - The median pre-money valuation for VC-backed agtech companies increased from $15.1 million in 2024 to $20 million in 2025, while the median deal size rose from $3.2 million to $4.4 million [16][24]. - The shift towards larger, later-stage deals continued, with early-stage investments remaining subdued [17]. Agtech VC Deal Activity - The report provides a detailed breakdown of deal activity by segment, highlighting that ag biotech and precision ag were the dominant segments in terms of deal value [22][30]. Exit Activity - Exit activity in Q1 2025 was subdued, with only $40.3 million exited across 11 deals, a significant decline from $274 million in Q4 2024 [23]. Valuations and Deal Sizes - Despite the overall slowdown, the increase in median pre-money valuations and deal sizes indicates strong competition for high-quality assets [24]. Events and Emerging Themes - Significant developments included major funding rounds and strategic partnerships, such as Eion's $33 million carbon-removal agreement and Avalo's $11 million funding for AI-powered plant breeding [25][26]. Looking Ahead - The outlook for the agtech sector remains cautiously optimistic, with a focus on capital efficiency and operational resilience as the market stabilizes [27][28].