The Cold Chain Mirage: Why $340M in Agritech Funding Evaporated in 36 Months
Until 2025, VCs sold the “Digitization of African Agriculture” dream. Instead, $340M evaporated as cold storage units failed under unreliable power, high diesel costs, and inaccessible maintenance. Then the shipping containers full of cold storage units started rotting in the sun. This issue of DUG Weekly breaks down why cold chain economics collapsed, how infrastructure assumptions killed margins, and why ignoring physics turned agritech’s biggest promise into its most expensive mistake.