“That’s where Propagate comes in,” he explains. “We provide that patient capital. We provide the trees, the technical assistance, and the financing to allow farmers to plant trees on their land, and then share in the benefits as those trees grow and mature.”
Stay tuned for our top 25 most-read articles of the year coming next week!
Propagate: Revolutionizing Agriculture Gene Editing
In the realm of agriculture gene editing, the winds of change are blowing strong. Investment in this sector has seen a remarkable 206% year-over-year growth in the first half of 2024, indicating a promising recovery and a surge of new momentum. With agriculture-related gene editing startups raising over $2.7 billion since 2012, the future looks bright for this innovative field.
The Rise of Agriculture Gene Editing
Despite facing challenges during the recent venture capital downturn, agriculture gene editing startups have shown resilience and adaptability. In the first half of 2024 alone, these startups secured over $161 million across six deals, a significant improvement from the previous year’s figures. This upward trend suggests a renewed interest and confidence in the potential of gene editing technologies to revolutionize the agricultural industry.
Looking Beyond the Numbers
While funding for agrifoodtech startups in Israel has seen a decline following the turmoil in the region, industry experts believe that there is more to the story than meets the eye. The drop in funding, attributed to the Israel-Gaza conflict, may not paint the full picture of the situation. According to Amir Zaidman, chief business officer at The Kitchen, the slowdown in foodtech investment globally, particularly in alternative proteins, has played a significant role in shaping the funding landscape.
Meeting the Growing Demand for Seafood
As global demand for seafood continues to rise, the spotlight is on aquatic food tech startups to innovate and meet the evolving needs of consumers. Despite the immense potential in this sector, investments in aquatic food tech startups have witnessed a 40% reduction in the first half of 2024 compared to the previous year. With only $150 million raised across 18 deals, there is a clear opportunity for growth and expansion in this burgeoning market.
Propagate: Paving the Way Forward
Amidst these shifting tides in the agricultural and food tech industries, Propagate emerges as a key player driving innovation and progress. With a focus on advancing gene editing technologies and addressing the challenges faced by startups in this space, Propagate is poised to lead the way towards a sustainable and prosperous future for agriculture. As the industry continues to evolve, Propagate stands ready to shape the landscape and usher in a new era of growth and development.
With Propagate at the helm, the possibilities for agriculture gene editing are limitless, offering hope for a brighter and more sustainable future for the global food industry.
