All the fundraising deals in the AgriTech market (from Q4 2024 to Q4 2025)
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The AgriTech market saw 11 funding deals between Q4 2024 and Q4 2025, raising a total of $299.8 million.
Livestock management technologies dominated the AgriTech market during this period, capturing $135 million across just two mega deals.
The largest single round was Halter's $100 million Series D in Q2 2025, which alone represented 33% of all AgriTech market funding in this timeframe.
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Insights
- Virtual fencing startups Halter and NoFence captured 45% of all AgriTech market funding despite representing only 18% of the deals, showing investor preference for proven livestock ROI models.
- Q2 2025 was the strongest quarter with $135.3 million raised, but this was entirely driven by Halter's $100 million round, revealing extreme concentration risk in AgriTech market funding patterns.
- Every major AgriTech market round explicitly mentioned geographic expansion as a primary use of funds, suggesting winners scale through distribution rather than pure technology innovation.
- Robotics and automation companies in the AgriTech market raised $60 million across three deals, all focused on labor replacement rather than yield optimization, reflecting grower pain points.
- Biological inputs outpaced chemical innovation in the AgriTech market, with Puna Bio, Vestaron, and others raising over $31 million for peptide-based and microbial solutions.
- The AgriTech market showed average deal sizes of $27.3 million, but this masks a bimodal distribution where deals were either under $15 million or above $30 million with little middle ground.
- Australia and New Zealand startups captured $140 million across three AgriTech market deals, punching above their weight relative to farm acreage compared to US and European counterparts.
- Seed stage deals in the AgriTech market were sparse, with only Nbryo's $10 million round, indicating investors prefer commercial traction over early-stage innovation bets.
- Tenacious Ventures and At One Ventures were the most active AgriTech market investors with two deals each, showing consistent thesis execution in livestock genetics and climate-resilient crops.
In our AgriTech market deck, we will give you useful market maps and grids
Summary table of the funding deals in the AgriTech market (last 5 quarters)
We define the AgriTech market as technologies purpose-built to improve agricultural production and input performance up to the farm gate.
We include on-farm hardware and software services like precision agriculture, automation, sensors, farm management and decision support, plus agricultural input innovation such as seeds, traits, crop protection, biologicals, fertilizers, animal health and feed.
We exclude downstream food processing, retail and consumer food apps, as well as generic logistics, fintech or enterprise software unless they are specifically designed for agricultural production use cases.
You can also read our detailed analysis to understand how funding activity in the AgriTech market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the AgriTech market.
| Name | What they do | Amount | Quarter | Source(s) |
|---|---|---|---|---|
| xFarm Technologies | Farm management software that combines agronomic data, machinery and IoT sensors for field operations. | $39.0M | Q4 2024 | AgFunderNews |
| Bonsai Robotics | Autonomous orchard robots that use vision and AI to perform shaking and spraying tasks. | $15.0M | Q1 2025 | WSJ |
| Avalo | AI-driven crop breeding platform creating climate-resilient, lower-input varieties for sugarcane and cotton. | $11.0M | Q1 2025 | AgFunderNews |
| Vestaron | Peptide-based bioinsecticides designed to help farmers control pests more sustainably than chemicals. | $20.0M | Q1 2025 | Vestaron |
| Puna Bio | Microbial seed treatments from extremophile organisms that improve nutrient uptake and stress tolerance. | $20.3M | Q2 2025 | PR Newswire, Fundz |
| RootWave | Electric weed control technology that kills weeds using high-frequency electricity without chemicals. | $15.0M | Q2 2025 | AgFunderNews, RootWave |
| Halter | Virtual fencing using solar-powered smart collars and software to move and manage cattle herds. | $100.0M | Q2 2025 | AgFunderNews, Axios |
| Singrow | Plant genomics and breeding platform with seedling production for climate-resilient crop varieties. | $4.5M | Q3 2025 | AgFunderNews |
| NoFence | Solar-powered GPS collars with app for virtual fencing and rotational grazing management. | $35.0M | Q3 2025 | AgFunderNews, Yahoo Finance |
| SwarmFarm Robotics | Autonomous field robots for weeding and programmable crop tasks to reduce labor dependency. | $30.0M | Q4 2025 | Grain Central |
| Nbryo | Bovine IVF and embryo production platform to scale cattle genetics for beef and dairy. | $10.0M | Q4 2025 | Startup Daily |
In our AgriTech market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the AgriTech market changed over time?
Q2 2025 was the most active quarter in the AgriTech market with $135.3 million raised, but this was entirely driven by Halter's $100 million Series D, which represented 74% of the quarter's total funding.
Q4 2024 was the least active quarter in the AgriTech market with only one deal raising $39 million, reflecting a slower start to the tracking period.
Funding in the AgriTech market dropped 71% from Q3 2025 to Q4 2025, falling from $39.5 million to $40 million, but increased 3% compared to Q4 2024 when $39 million was raised one year prior.
If you exclude the top one or two deals per quarter in the AgriTech market, funding activity becomes much more consistent, ranging between $15 million and $35 million quarterly. This shows that mega deals like Halter's $100 million and NoFence's $35 million create the appearance of volatility when underlying activity is relatively stable.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q4 2024 | 1 | $39,000,000 | Single farm management software deal from xFarm Technologies launching the period. |
| Q1 2025 | 3 | $46,000,000 | Balanced quarter across robotics, breeding and biologicals with no dominant outlier. |
| Q2 2025 | 3 | $135,300,000 | Halter's $100 million livestock round made this the AgriTech market's strongest quarter. |
| Q3 2025 | 2 | $39,500,000 | NoFence's $35 million represented 89% of funding in an otherwise quiet quarter. |
| Q4 2025 | 2 | $40,000,000 | SwarmFarm and Nbryo split funding evenly between robotics and animal genetics. |
| All quarters | 11 | $299,800,000 | Livestock management dominated with 45% of total AgriTech market funding captured. |
In our AgriTech market deck, we identify repeatable patterns you can use if you’re building in this market
Which startups in the AgriTech market raised the largest rounds over the last months?
These startups raised the most recently in the AgriTech market:
- Halter raised $100 million in a Series D to accelerate US expansion of its virtual fencing collars as ranchers face severe labor shortages and want efficient rotational grazing.
- xFarm Technologies raised $39 million in a Series C to deepen European presence and expand farm management software into Turkey, India and Latin America with sustainability workflows.
- NoFence raised over $35 million in an oversubscribed Series B to bring GPS-based virtual fencing to small and medium farms across Europe and the United States.
- SwarmFarm Robotics raised $30 million in a Series B to expand autonomous field robots into North America and scale manufacturing to meet grower demand for labor-saving technology.
- Puna Bio raised $20.3 million in a Series A led by Corteva Catalyst to commercialize microbial seed treatments that improve crop stress tolerance using extremophile organisms.
- Vestaron raised more than $20 million in a growth round to accelerate global commercialization of peptide-based bioinsecticides as sustainable alternatives to chemical pest control.
- Bonsai Robotics raised $15 million in a Series A to scale autonomous orchard robots that handle shaking and spraying tasks using vision AI in tree crops.
- RootWave raised $15 million in a Series B to expand electric weed control technology beyond permanent crops into broader European and US markets without herbicides.
- Avalo raised $11 million in a Series A to accelerate AI-driven breeding of climate-resilient crop varieties that reduce water and fertilizer needs while maintaining yields.
- Nbryo raised $10 million in a Seed round to develop bovine IVF platforms and embryo multiplication devices that scale access to superior cattle genetics for producers.
- Singrow raised $4.5 million in a Series A to scale plant genomics and seedling production beyond Singapore and China into additional Southeast Asian markets.
In our AgriTech market deck, we answer all the common questions from investors and entrepreneurs
Is the AgriTech market shifting toward smaller or bigger deals?
The average deal size in the AgriTech market over the last four quarters was $27.3 million, reflecting a mix of early-stage rounds and growth-stage capital for proven business models.
Breaking down by quarter, the AgriTech market showed average deal sizes of $39 million in Q4 2024, $15.3 million in Q1 2025, $45.1 million in Q2 2025, $19.8 million in Q3 2025, and $20 million in Q4 2025. This volatility stems from mega deals like Halter's $100 million skewing quarterly averages upward, while quarters without large livestock rounds normalize around $15 million to $20 million.
If you exclude the top outlier each quarter in the AgriTech market, the trend becomes clearer with deal sizes clustering between $10 million and $20 million, suggesting consistent Series A and Series B activity beneath the headline-grabbing rounds.
| Quarter | Number of deals | Average deal size ($) | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q4 2024 | 1 | $39,000,000 | 0 | 0 |
| Q1 2025 | 3 | $15,333,333 | 0 | 0 |
| Q2 2025 | 3 | $45,100,000 | 0 | 1 |
| Q3 2025 | 2 | $19,750,000 | 0 | 0 |
| Q4 2025 | 2 | $20,000,000 | 0 | 0 |
| All quarters | 11 | $27,254,545 | 0 | 1 |
In our AgriTech market deck, we help you understand how the market is structured
How concentrated was funding activity in the AgriTech market?
Funding concentration in the AgriTech market was extremely high, with the top deal in each quarter capturing between 44% and 100% of that period's total capital. Q3 2025 showed the most extreme concentration with NoFence's $35 million representing 89% of the quarter's funding, demonstrating how single mega deals dominate AgriTech market capital allocation.
Looking at the top three deals per quarter in the AgriTech market, concentration remained at 100% for all periods because most quarters had only one to three deals total. This reveals that the AgriTech market funding landscape lacks the depth of consumer tech, with far fewer deals competing for investor attention in any given quarter.
| Quarter | Number of deals | % by Top 1 | % by Top 3 | % by Top 10 |
|---|---|---|---|---|
| Q4 2024 | 1 | 100.0% | 100.0% | 100.0% |
| Q1 2025 | 3 | 43.5% | 100.0% | 100.0% |
| Q2 2025 | 3 | 73.9% | 100.0% | 100.0% |
| Q3 2025 | 2 | 88.6% | 100.0% | 100.0% |
| Q4 2025 | 2 | 75.0% | 100.0% | 100.0% |
| All quarters | 11 | 33.4% | 58.1% | 100.0% |
In our AgriTech market deck, we have designed useful charts to give you full market clarity
Which categories in the AgriTech market received the most funding?
Livestock management using virtual fencing technology captured $135 million or 45% of all AgriTech market funding, driven entirely by Halter and NoFence proving that labor-saving livestock tools deliver immediate ROI that resonates with investors. These smart collar systems eliminate physical fencing costs while improving grazing efficiency, creating a compelling value proposition for ranchers facing persistent worker shortages.
Farm management and decision support systems raised $39 million or 13% of AgriTech market funding through xFarm Technologies' expansion round, reflecting investor belief that data integration platforms become more valuable as farms digitize equipment and adopt precision agriculture sensors.
Robotics and automation for field operations secured $30 million or 10% of AgriTech market funding via SwarmFarm Robotics, showing continued appetite for autonomous systems that replace manual labor in weeding and crop maintenance tasks.
| Category name | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Livestock management (virtual fencing) | 2 | $135,000,000 | Halter ($100M), NoFence ($35M) |
| Farm management & decision support | 1 | $39,000,000 | xFarm Technologies ($39M) |
| Robotics & automation (field ops) | 1 | $30,000,000 | SwarmFarm Robotics ($30M) |
In our AgriTech market deck, we cover the latest tech updates shaping the market
Who are the biggest investors in the AgriTech market?
At One Ventures is tied for the most active AgriTech market investor with participation in two deals, backing both Avalo's AI-driven crop breeding and Puna Bio's microbial seed treatments, demonstrating a focused thesis on biological innovation that reduces agricultural inputs.
QIC matched this activity in the AgriTech market with investments in both Nbryo's cattle genetics platform and SwarmFarm Robotics' autonomous field systems, showing appetite for both animal and crop production technologies that scale through hardware deployment.
SOSV also participated in two AgriTech market deals, supporting Avalo and Puna Bio alongside At One Ventures, indicating a partnership strategy around climate-resilient crop inputs and biological solutions.
Tenacious Ventures completed the group of most active AgriTech market investors with backing for Nbryo and SwarmFarm Robotics, combining interests in livestock genetics and autonomous farming equipment.
BOND led Halter's massive $100 million Series D in the AgriTech market, making it the largest single investment despite appearing in only one deal, proving that lead investor status on mega rounds matters more than deal count.
European Circular Bioeconomy Fund led NoFence's $35 million Series B in the AgriTech market, focusing specifically on sustainable livestock management that reduces environmental impact through better grazing practices.
Partech led xFarm Technologies' $39 million Series C in the AgriTech market through its Impact Growth Fund, targeting farm management software that enables regenerative agriculture practices across Europe and emerging markets.
Bison Ventures led Bonsai Robotics' $15 million Series A in the AgriTech market, backing autonomous orchard systems that address specialty crop labor challenges.
Germin8 Ventures co-led Avalo's $11 million Series A in the AgriTech market alongside Alexandria Venture Investments, supporting AI-powered plant breeding for climate adaptation.
Clay Capital led RootWave's $15 million Series B in the AgriTech market, investing in electric weed control as a chemical-free alternative for sustainable farming.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. "Total funded" does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| At One Ventures | 2 | $31,300,000 | Avalo, Puna Bio |
| QIC | 2 | $40,000,000 | Nbryo, SwarmFarm Robotics |
| SOSV | 2 | $31,300,000 | Avalo, Puna Bio |
| Tenacious Ventures | 2 | $40,000,000 | Nbryo, SwarmFarm Robotics |
In our AgriTech market deck, we track adoption trends and shifts in consumer behavior
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