A significant disconnect between venture capital firms and AgTech startups is hindering Australia’s ability to lead in global food system changes, as highlighted by AgTech entrepreneurs at the Southstart festival in Adelaide. The “funding apocalypse” is particularly evident for companies progressing beyond initial seed funding. Global AgTech funding has plummeted by 54% from 2021 to 2024, resulting in a loss of $6.1 billion, with Australia securing only $96 million in 2023. This decline emphasizes the urgent need for better alignment between investors and the unique challenges of AgTech development cycles.