Building a Better AgTech Funding Model in Africa: Three Key Challenges Behind the Ecosystem’s Loss of Momentum

Building a Better AgTech Funding Model in Africa: Three Key Challenges Behind the Ecosystem’s Loss of Momentum

Startups operating at the nexus of climate and agriculture in Africa have attracted over $1 billion in venture funding over the past decade. But as David Saunders and Ludovica Fioravanti at Briter and Harsha Vishnumolakala at CPI explain, despite the important role this funding can play in supporting innovative African AgTech startups, it has fallen to around $200 million a year — less than half the $500 million raised in 2022. They explore the risks this decline presents to the continent’s AgTech ecosystem, and share three key priorities for building a better funding model in Africa and other emerging markets.

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