Despite a persistent sense of uncertainty in the AgTech market lately, we’re still seeing startups get acquired– even if information about those acquisitions is opaque. Case in point: Syngenta recently purchased Intrinsyx Bio, a biologicals company, for an undisclosed sum. 

Why do companies conceal this information? And in this moment when everyone has their eyes peeled for some indication of where the market is headed, what can we learn from exits? 

Sarah sits down this week with Tenacious Ventures’ Matthew Pryor and Shane Thomas, author of Upstream Ag Insights, to do a deep dive into the latest news and discuss what it all means. They tackle:

• What an undisclosed acquisition can and can’t tell us about the companies involved and the market more broadly. 
• Pre-acquisition lessons for founders on the trade off between demonstrating high-margin, low sale success versus a lot of non-profitable sales growth
• The progress made on tech that’s still materializing– like real-time, in-field soil sampling– and how they might unlock new markets and business models

Useful Links:

• Syngenta acquires Intrinsyx Bio
• Syngenta acquired Valagro in 2020
• Jorge Heraud, Former CEO of Blue River, has joined TerraBlaster
• TerraBlaster (fka SoilCode) raised $2m led by Khosla Ventures
• Shane Thomas on control points in Agtech
• Precision Spraying Report by Shane Thomas and Patrick Honcoop

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The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.