Agtech start-ups typically spend 15 to 20 months between funding rounds, with levels growing from a median of $3.5 million in the seed round to $65.0 million in series C.
Click on each category to learn more
Selected Pillar Company Measure
All other companies
Median
C&A Pillar
Overall
Alternative proteins
Bio/sustainable materials
Controlled-environment agriculture
Digital and precision agriculture
Sustainable inputs
Source: PitchBook, McKinsey analysis
Investing $1 trillion in 11 key technologies over ten years yields significant impacts both within and outside disadvantaged communities.
Cumulative investment needed
Community decarbonization impacts
Cumulative investment need 2023–2032,¹
$ billion
Disadvantaged communities (DAC)
Rest of population
Household and community decarbonization
Residential rooftop solar²
70
$42 billion
for DAC
Residential heat pumps
100
Heat pump water heaters
16
$215 billion
total
30
Community solar
Business decarbonization
$19 billion
Commercial heat pumps
42
for DAC
Commercial rooftop solar²
50
$100 billion
12
Fleet depot EV³ chargers
total
Energy system transformation
500
Transmission
$135 billion
for DAC
Offshore wind
90
Energy storage
20
$700 billion
total
Coal conversion
100
Note: Figures are rounded. ¹Estimated; for Inflation Reduction Act incentive–eligible deployment only. ²Includes battery storage. ³Electric-vehicle.
McKinsey & Company