Category: Vertical Farming
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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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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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One of the recurring questions vertical farming companies face is how they are going to get their locally grown, supposedly healthier wares to more than just those with disposable income. So far, the answers have been few and far between, but that could be changing. Towards the end of last week, ABC7 reported that New…
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PlantLab, a vertical farming company based in The Netherlands, has raised €20 million (~$23,171 USD) in growth capital to scale up its high-tech indoor farming operations and expand to new locations, including the U.S. (h/t Horti Daily) The round was led by De Hoge Dennen Capital. PlantLab said it would use the investment funds to…
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Whether your weekend plans involve golf, Instagram listening parties, or baking yet-another loaf of quarantine bread, add a side dish of food tech news to your agenda to get things started. Here are a final few bits from this past week. Call It Cell-Based Seafood A consumer study by Rutgers University professor William Hallman has…
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A large space in Chicago that formerly housed a Target but has been sitting empty for five years will get a new life growing greens, thanks to a vertical farming company. The Chicago Tribune reported this week that Wilder Fields will turn the 135,000-square-foot space into a vertical farm that grows kale and other leafy…
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Vertical farming company Kalera announced today that it will open a high-tech facility in Houston, Texas in the spring of 2021. According to today’s press release, this will be the largest vertical farming facility in the state. The announcement follows recent news that Kalera is also opening a facility in Atlanta, Georgia in 2021. The…
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Singapore Food Bowl, a food-focused startup program backed by AgFunder’s GROW accelerator, today announced the 12 startups chosen for its first-ever cohort. While those companies vary in terms of what they do and offer, all of them are working towards the same underlying goal: to build a more sustainable food system that’s more decentralized and…
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Seed & Roe, an indoor farming and aquaponics company, announced today it has rebranded as Upward Farms and plans to build a new headquarter farm in Brooklyn, NY to increase production of both leafy greens and fish. Today’s announcement also comes just as the company has closed a $15 million funding round led by Prime…
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