AgTech Investment in Emerging Markets 2025: How Investment Is Diverging Across Markets
Since 2022, the investment landscape for AgTech across emerging markets has undergone a significant reset. The venture-led model that shaped much of the previous cycle has given way to a more fragmented mix of venture capital, corporate investment, development finance, concessional capital and debt. At the same time, investment trajectories are increasingly diverging across Africa, Latin America and Asia, reflecting differences in market maturity, infrastructure, exit pathways and the ability of different business models to generate commercial returns.
Some markets are beginning to attract commercial capital again, while others remain dependent on catalytic and blended finance. The models that scale, the investors willing to back them and the financing structures they require increasingly depend on local market conditions. There is no longer a single AgTech investment thesis for emerging markets.
To understand this changing landscape, AgBase, backed by the Gates Foundation and the UK Foreign, Commonwealth & Development Office (FCDO), has produced a new study with Briter, Mercy Corps AgriFin and ISF Advisors: AgTech Investment in Emerging Markets 2025.
Drawing on more than $4.39 billion in AgTech funding, 900+ deals and 700+ funded companies across 17 emerging markets from 2023 to 2025, the report examines how capital is flowing across regions, how investor and instrument mixes differ, and what these differences mean for investment.
The report also introduces the Investable Frontier, a new framework for understanding which types of capital and business models fit different markets, where private capital can be deployed today, where patient or blended finance remains necessary, and what needs to change to expand the commercially investable opportunity set over time.
Join us on 18 September for the public launch of the report and a discussion on what these findings mean for the future of the investment landscape in AgTech across emerging markets.
The session will open with an introduction from David Saunders, Director of Strategy and AgBase Programme Lead at Briter, setting out the purpose of the research and the questions it seeks to answer. Clara Colina, Director at ISF Advisors, will then present the report’s key findings, including why investment trajectories are diverging across Africa, Latin America and Asia, how the mix of investors and financing instruments differs across regions, and how the Investable Frontier can help investors think differently about matching capital to market readiness.
This will be followed by a panel discussion featuring leading AgTech investors from across the three regions:
Mark Kahn, Managing Partner, Omnivore
Maelis Carraro, Managing Partner, Catalyst Fund
Francisco Jardim, Co-Founder and Managing Partner, SP Ventures
Drawing on their experience investing across different markets and stages of maturity, the discussion will explore where investors are seeing the strongest opportunities, what continues to constrain private capital deployment, how financing needs and return pathways differ across markets, and what combinations of commercial, catalytic and patient capital could unlock the next generation of AgTech companies.
The webinar will close with an open Q&A, giving participants the opportunity to engage directly with the speakers and panellists on the future of AgTech innovation and investment across emerging markets.