Key Takeaways
- At least 21 AgTech-related bankruptcies and liquidations were recorded in 2025 across insect farming, vertical farming, greenhouse technology, drones, biotech, and digital platforms.
- More than $2.8 billion in disclosed venture capital was tied to companies that entered bankruptcy, liquidation, or court-supervised restructuring during the year.
- Insect farming represented the most concentrated cluster of failures, including Ÿnsect, ENORM, Inseco, and BeoBia.
- Several failed companies had raised late-stage capital (Series B–D), pointing to scale-up risk rather than early-stage experimentation failure.
- High energy costs, infrastructure intensity, slow commercialization, and reliance on continued fundraising emerged as recurring pressure points across sectors.
Capital Wiped Out in 2025: Funding Losses and Valuation Resets For AgTech
Bankruptcies and restructurings across the AgTech sector in 2025 were accompanied by significant capital impairment. Based on disclosed funding data, companies that entered bankruptcy, liquidation, or formal restructuring had raised slightly over $2.8 billion prior to these events. This figure reflects disclosed equity funding only and excludes undisclosed rounds and non-equity financing, suggesting total capital exposure may be higher.
Funding concentration was uneven. A small number of companies accounted for a disproportionate share of capital affected. Plenty, which entered restructuring proceedings in 2025, had raised approximately $961 million. Benson Hill had raised roughly $602 million before filing for bankruptcy.
Several additional companies with funding in the $50–60 million range also ceased operations or entered bankruptcy, including Eden Green Technology, ENORM, Freight Farms, Oerth Bio, and Guardian Agriculture. While smaller in scale, these cases contributed meaningfully to aggregate capital losses.
