As venture capital wagers go, indoor farming has not done especially well. While investors have plowed over $6 billion into startups in the space, meager returns have been harvested and funding has mostly dried up. As companies spend a longer time at seed — raising multiple seed rounds in this climate of larger fundings — fewer are graduating to Series A. This begs the question: At which point will these companies be able to progress? July saw its fair share of big rounds — and then some. Startups needed to raise $200 million or more to make this list. In Q2 2024, financial services companies raised $9.7 billion, up a bit year over year and up 17% quarter over quarter. Funding to Lone Star State startups in 2024 is on track to decline year over year, even as overall U.S. venture funding has been perking up. But there’s room for optimism. From personalized supplements to better sleep to saving the Earth through more effective insulation, July saw a lot of cool startups raising cash. Crunchbase, Inc. |
Saturday, 3 August 2024
Vertical Farming Faces Funding Drought, And The Dilemmas Of A Robust Seed Market
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