Category: Modern Farmer
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Some final bits of food tech news from ’round the web this week: Wild Type Has a Pre-Order List for Chefs While still a good five years out from commercial production, Wild Type said this week it has opened a pre-order list for chefs wanting to include the company’s cell-based seafood into their dishes. Right…
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NYC-based vertical farming company Farm.One announced today it has launched a mini-farm inside the newly opened Whole Foods Market in Manhattan West. Farm.One custom designed the farm for this location. From a visual standpoint, that means the design matches the Whole Foods’ look, while the physical footprint — 36 square feet — does not intrude…
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Ag tech company Iron Ox, best known for its greenhouses powered by robotics and AI, announced this week it has raised a $20 million Series B round. The round was led by Pathbreak Ventures with participation from Amplify Partners, At One Ventures, Crosslink Capital, , ENIAC Ventures, R7 Partners, and Tuesday Ventures. Iron Ox’s total…
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TechStars today announced the 2020 class of its Farm-to-Fork program, which selects and supports companies and entrepreneurs working in the food and agricultural industries. The program is in its third year, with 2020 being the first time it goes 100 percent virtual, thanks to the ongoing pandemic. But if there’s anything akin to a silver…
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Lufa Farms hit a noteworthy milestone recently. The Montreal, Quebec-based agtech company opened its fourth and largest indoor farm, and is “the world’s largest rooftop farm” (h/t Modern Farmer). For this new farm, which is located in the Saint-Laurent borough of Montreal, Lufa Farms says it has has doubled its production capacity for fresh vegetables,…
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There are plenty of reasons food producers are considering indoor agriculture these days, including the potential for better crops and yields thanks to tech integrations and the ability to keep farm workers safer (ie, not laboring in the thick of wildfire smoke). However, to make indoor farming as efficient as possible, and thereby cut down…
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Finnish vertical farming company iFarm announced today it has raised $4 million for its automated indoor farming operation, according to a press release sent to The Spoon. The round was led by existing investor Gagarin Capital with participation from Matrix Capital, Impulse VC, IMI.VC, and several angel investors. iFarm makes a turnkey vertical farming solution…
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Root AI, which makes an automated solution for harvesting crops grown on indoor farms, announced today that it has raised $7.2 million in seed funding. PJC, First Round Capital, Outsiders Fund, Accomplice and AgFunder all participated in the round, as well as Jason Calacanis. This brings the total amount raised by Root AI to $9.5…
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Back in 2019, we predicted that hydroponically grown greens would soon become a mainstay of grocery stores in the U.S. We did not predict that a global health crisis would disrupt the supply chain and make consumers hyper-aware of where their food comes from and what goes into growing it, but that’s exactly what happened.…
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Today, Leaps by Bayer, an investment arm of Bayer AG, and Singapore-based investment firm Temasek announced the creation of a new company that will develop new varieties of vegetables best suited to grow in vertical farms. The new company, dubbed Unfold, raised $30 million from Temasek and Bayer in its initial funding round and plans…
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Ag tech company, AppHarvest, announced yesterday that it has raised a $28 million Series C round of funding. The round was led by J.D. Vance’s Narya Capital, with participation from Lupa Systems and Rise of the Rest among others. This brings the total amount raised by AppHarvest to $150 million. AppHarvest is in the midst…
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More vertically grown greens are coming to the grocery store. The Evergreen Kosher Market, a well-known food retailer in Monsey, New York, announced this week it will soon debut a vertical farm from Israeli ag tech company Vertical Field. According to a press release sent to The Spoon, the farm will use technology and geoponics…
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