Category: Vertical Farming
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Finland’s Netled has signed a three-year investment agreement with herb grower Oh My Greens, the two companies announced today. The agreement is worth €15 million (~$17 million USD) over three years and will provide Sweden-based Oh My Greens with Netled’s turnkey vertical farm called Vera. Netled’s Vera system comes as a few different forms, the…
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Equilibrium Capital has closed its second fund dedicated to indoor agriculture. The Controlled Environment Foods Fund II (CEFF II) raised a total of $1.02 billion, exceeding its original goal of $500 million. Speaking in a company blog post, Equilibrium CEO David Chen said that the fundraising for CEFF II reflects a broader shift where larger…
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Five early-stage indoor agriculture companies will participate in the ninth cohort of the Wells Fargo Innovation Incubator (IN2), which works with cleantech companies and entrepreneurs across food and housing sectors. Chosen participants for this cohort will focus on tools and processes that can make indoor farming more environmentally and financially sustainable. The Wells Fargo Foundation…
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Agriculture may have been slower to digitize than other parts of the food sector, but these days a lot of folks would agree artificial intelligence, automation, and other technologies have a role to play in the future of farming. The presence of such things means farming will soon require lots of new skills, which in…
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One place that gets a lot of attention these days when it comes to food tech initiatives is the United Arab Emirates. Like Singapore, the country is aggressively pursuing food and ag tech initiatives as a way to improve food security and quality within its own borders and in doing so become a more self-sufficient…
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NYC-based indoor ag company Farm.One cut the ribbon on its new urban vertical farm recently, this one located in Brooklyn, New York. According to the Brooklyn Reader, the 10,000-square-foot facility and will start planting seeds in the coming weeks. The Brooklyn farm is the company’s second large-scale farm, following its existing one in Manhattan’s Tribeca neighborhood.…
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Babylon Micro-Farms, which operates a network of indoor grow systems in foodservice venues around the U.S., has received a $1 million grant from the National Science Foundation, with the potential for $750,000 more in follow-on funding. The grant money will go towards further development of BabylonIQ, the company’s platform that remotely manages its distributed network…
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More than once in the last few months, indoor farmers have named berries the next important crop for controlled environment agriculture (CEA). California Giant Berry Farms added further weight to that claim today by announcing a partnership with OnePointOne, a technology company that specializes in vertical farming. The eventual goal of the partnership is to…
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Growers expect to add more technology to various forms of indoor farming for the rest of this year and into the next, according to indoor farm analytics company Artemis’ 2020 State of Indoor Farming report released yesterday. The report, done in partnership with Startle, is based on a survey of 205 enterprise horticulture facilities, including…
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Finland’s iFarm announced a multi-year partnership today with Sadarah Partners to build out a commercial-scale indoor vertical farm in the State of Qatar, according to a press release sent to The Spoon. The goal of the partnership is to bring more local food production inside Qatar’s own borders and at the same time produce greens,…
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NYC-based vertical farming company Bowery announced today it has raised $300 million in Series C funding from a boatload of investors. Fidelity Management and Research Company led the round, which also saw participation from GV, General Catalyst, GGV Capital, Temasek, Groupe, Artémis, and Amplo and Gaingels. Additional investors included Lewis Hamilton, Chris Paul, Natalie Portman,…
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Kyoto, Japan-based controlled environment agriculture (CEA) company Spread said this week it has developed technology that will let it mass-produce strawberries in a vertical farm setting. Spread is “old guard” when it comes to indoor farming, having completed its first large-scale vertical farm in 2007. Since 2018, the company has also operated its Techno Farm,…
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