26. June 2019
Germany, which ranked fourth for agri-foodtech investment in 2018, pulling in $109 million across 21 deals, according to AgFunder and F&A Next’s recent report, is better known for its food tech successes than agtech — restaurant delivery group DeliveryHero and meal kit leader HelloFresh both listed on the Frankfurt Stock Exchange at multi-billion dollar valuations. But a deal last week — $100 million in funding for vertical farming group infarm — brought Germany’s agtech industry into focus. And while agriculture is still far off making the economical contribution that Germany’s well known industrial sectors do, the country still has a not insignificant 16 million hectares (39 million acres) of farmland employing 1.4% of the workforce, around 700,000 people.