[Disclosure: AgFunderNews\u2019 parent company is AgFunder.]<\/em><\/p>\n Investment into Brazilian agrifoodtech has steadily increased over the years as more and more VC dollars flow into sectors like Ag Marketplaces, agrifintech, and bio-based crop protections\u2014all areas brimming with startup activity in the country.<\/p>\n According to AgFunder data, Brazil ranked third in the Americas (behind the US and Canada) and 11th globally for venture capital investment in agrifoodtech in 2024, with startups raising $249 million across 49 deals.<\/p>\n Brazil remains the top-funded country in Latin America and the Caribbean for agrifoodtech investments, and second behind India among developing markets globally. (AgFunder considers China a developed country for investment data analysis.)<\/p>\n Sector analysts have recently recognized Brazil as a key player<\/a> in the global agrifoodtech landscape.<\/p>\n However, as with other markets, investments have suffered from the global shortage of capital in the post-covid scenario: The $249 million raised in 2024 was a 24% drop from the previous year; dealcount was also down 43%, to 44 rounds.<\/p>\n By comparison 2024 global agrifoodtech funding dropped<\/a> only 3% year on year, while deal count fell 21%.<\/p>\n Despite the post-2021 slump, recent investment volumes have remained well above pre-covid levels, excluding 2018, where $500 million went to a single round scored by food delivery platform iFood<\/a>. It was, and remains, the largest deal in the history of Brazilian agrifoodtech startups.<\/p>\n Minus that outlier, pre-pandemic funding levels are well below those that took place after 2021, which shows some resilience on the part of Brazil and hopes for future growth.<\/p>\n \u00a0<\/p>\n Along those lines, a more granular look at quarterly activity shows small signs of recovery.<\/p>\n With a total of $76.8 million, Q1 2025 posted a 32% growth over the previous quarter, and 85% over the same period in 2024. The amount increase was achieved with just five deals, the largest of which was a $60 million Series D for Solinftec<\/a>. [Disclosure: AgFunderNews\u2019 parent company AgFunder is an investor in Solinftec.]<\/em><\/p>\n Agrifoodtech investment in Brazil as a 5 of global<\/strong><\/p>\n While throughout 2024 Brazil represented 1.5% of global agrifoodtech investment, in the first quarter of 2025 it reached a 3.1% share, thanks in most part to Solinftec\u2019s large deal. In 2024 Brazil also represented nearly 55% of all agrifoodtech investment in Latam the Caribbean.<\/p>\n Breakdown by category<\/strong><\/p>\n The top two categories in 2024 were upstream. Ag Marketplaces & Fintech garnered $84.3 million, with a 29% year over year increase. As the deal count was only up one unit from 2023, the increase in amount was achieved mainly thanks to larger deals, in particular the $52.7 million round raised by Agrolend<\/a>, and the $20 million secured by Traive<\/a>.<\/p>\n With four deals collectively worth $58.4 million, Ag Biotechnology was the second-best-funded category despite a 9% drop in total amount and 43% decrease in deal count. Downstream, In-store Retail & Restaurant Tech raised $55.3 million, thanks to a YoY 129% increase in total funding, in spite of a 60% drop in number of deals.<\/p>\n E-Grocery, Brazil\u2019s best-funded category in 2023 with $104.7 million, fell fifth position with just three deals in 2024, posting a 57% drop in deal count from the previous year and falling 84% in total funding.<\/p>\n \u00a0<\/p>\n Stage analysis<\/strong><\/p>\n Seed stage activity for Brazilian agrifoodtech saw a sharp drop in 2024, with funding volumes down 44% to $22.3 million, and deal activity down 53% to 27 rounds. The average deal size for seed stage remained unchanged at around $1.1 million.<\/p>\n Series A stage witnessed a 23% growth in total funding to $89.5 million, despite deals dropping slightly from 11 to 10 units., with median deal size rising from $6.6 million to 9.9 million.<\/p>\n Series B deals went from zero to four units, for a total of almost $80 million, and volumes for C stage rose 5%, despite being represented by a single deal. Late stage funding dropped significantly, and no debt financing was allocated in 2024.<\/p>\n Solinftec<\/a>, an ag robotics company offering solutions for real-time monitoring, optimization and traceability of agricultural operations, raised $60 million with a D stage round closed In February 2025.<\/p>\n Cayena<\/a>, a B2B marketplace connecting food suppliers with restaurants, bars, hotels, and other food service businesses, secured $55 million in July 2024 via a series B round.<\/p>\n Agrolend<\/a>, a digital bank that provides credit for the agribusiness sector, closed a C round worth $52.7 million in October 2024.<\/p>\n Agrion Agrisolutions<\/a>, an ag biotech firm producing gradual release organic mineral fertilizer, closed a $46.2 million Series A deal in August 2024.<\/p>\n AI-powered agricultural risk insurer and loan provider Traive<\/a> raised $20 million in February 2024 via a Series B round.<\/p>\n Further reading:<\/strong><\/p>\n10 years of agrifoodtech investment in Brazil<\/strong><\/h5>\n
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<\/a><\/p>\nAgrifoodtech investment by quarter since 2022<\/strong><\/h5>\n
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<\/a><\/p>\nTop 5 deals since 2024<\/strong><\/h4>\n
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