Category: Modern Farmer
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Future Acres, a new startup developing a robotic platform for farms, announced today that it has launched an equity crowdfunding campaign that aims to raise $3 million. The first product that Future Acres is building is Carry, a self-driving robot meant to, as the name suggests, carry crops around a farm. Carry uses GPS, computer…
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Massachusetts-based Little Leaf Farms has raised $90 million in a debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast. The round was led by Equilibrium Capital as well as founding investors Bill Helman and Pilot House Associates. Bank of America also participated. Little Leaf Farms says the capital…
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Greenhouse lettuce grower Revol Greens today unveiled a proprietary plant-based nutrient source with which it can feed the plants in its indoor farms. Dubbed Plant Fed, the product is currently patent pending, and its existence on Revol’s farms means leafy greens will be fed entirely by plants and not with animal ingredients, as is often…
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At one point in the not-so-distant past, vertical farming’s role in our future agricultural system was far from certain. Growing leafy greens in warehouse-like environments controlled by tech seemed like a compelling business, but one that had yet to prove itself either economically or as an important source of food for a growing world population.…
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Electricity may not be the first thing that comes to mind when you want to sterilize something, but that is exactly the tool UK-based startup Zayndu is using on seeds. As AgFunder reports, Zayndu uses plasma to ensure that seeds don’t carry disease or fungi with them when planted in the ground. Afflicted seeds may…
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Bethesda, Maryland-based indoor farming company Gardyn announced today it is raising a $10 million Series A round led by JAB Holding Company. According to a press release sent to The Spoon, the non-controlling investment, when finalized, will bring Gardyn’s total funding to date to $15 million. The new funds will allow Gardyn to accelerate the…
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Fifth Season, a company using vertical farming and robotics to grow greens indoors, just announced a sizable expansion for its leafy green products in Giant Eagle Retail stores. As of today, Fifth Season greens will be available in over 75 Giant Eagle and Market District stores across Pittsburgh, Pennsylvania and Cleveland and Columbus, Ohio metro…
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AppHarvest’s expectation to go public is fast becoming a reality. The controlled agriculture company announced today that it is expected to complete its merger with Novus Capital Corp., a special purpose acquisition company, which will enable it to start publicly trading on the Nasdaq on Feb. 1. Special purpose acquisition companies (SPACs), also called blank-check…
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The following is a guest post written by Jonathan Hua of Scrum Ventures. The disruptive impacts of the COVID-19 pandemic on the world’s agricultural systems have been broad and varied. And they follow several years of challenging production and market conditions such as disruptive weather events and poor planting conditions. Although the pandemic exposed weaknesses…
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Israel-based ag tech company Vertical Field announced today that it has signed an agreement with Emirates Smart Solutions & Technologies (ESST), which develops high-tech agricultural projects around the Persian Gulf, to pilot vertical farms in the United Arab Emirates. The first farm will be installed as part of a research, development, and training center in…
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By now Spoon readers are most likely familiar with the idea of lab-grown meat. After all, there are a number of companies around the world tackling the issue. But lab-grown plants? That’s something we haven’t heard as much about. However, it’s an idea that got a little boost this week, thanks to new research from…
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Controlled environment farming company AppHarvest announced this week it has completed the first-ever harvest of its Morehead, Kentucky-based flagship indoor farm. The Beefsteak tomatoes harvested from the 60-acre farm will ship to grocery stores this week. The Morehead, Kentucky indoor farm clocks in at about 2.76 million square feet, and AppHarvest says the facility is…
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