Tag: indoor agriculture

Billionaire Olayan family backs UAE’s Pure Harvest in $181m fundraise

June 30, 2022

The Abu Dhabi-based startup said it will use the funding to expand its presence in the Middle East, Southeast Asia, and South Korea.

Brief: Nanobubble startup Moleaer raises $40m to make water more impactful for agri and aquaculture

June 14, 2022

Moleaer will use its Series C funding to increase the availability of its proprietary nanobubble equipment and address water shortages.

EXCLUSIVE: Leafood raises $6.75m to develop a vertical farming network for the Baltics

June 13, 2022

The Lithuania-based startup is partnering with YesHealth Group to build and operate a network of farms across its home country and the wider Baltic region.

Infrascreen nets $1.5m for its efficiency-boosting greenhouse nanomaterial

May 3, 2022

The Swiss startup will use the proceeds to “deploy pilot units with our prospective clients” in the commercial greenhouse space, CEO Henri Lalande tells AFN.

Meet the founder: Future Crops CEO Gary Grinspan makes the case for soil-based vertical ag

April 25, 2022

Future Crops vertically farms its produce in a soil-based substrate which “sticks with what Mother Nature tells us,” Grinspan tells AFN. Plus it’s kosher.

Lessons learned: weighing the costs and benefits of vertical farms

April 15, 2022

Peter Tasgal of Farmbook Project delves into the costs, benefits and other considerations for pursuing vertical farming in light of Agricool’s receivership.

Why 3 top greenhouse growers are backing Source Ag’s bid to democratize Dutch CEA nous

March 14, 2022

The startup recently raised $10 million in a seed round led by Acre Venture Partners.

Bowery’s strawberry bot buyout

February 24, 2022

Bowery announced its acquisition of robotics startup Traptic last week. Here, AFN analyzes the deal and what it means for the wider indoor ag space.

Plenty raises $400m from Walmart, others in vertical farming’s largest funding to date

January 25, 2022

A strategic partnership with Walmart includes putting Plenty’s vertically-grown greens on Californian store shelves this year.

Q&A: Upward Farms wants to attract more microbes to vertical ag environments

January 24, 2022

Co-founder and CEO Jason Green discusses its new 250,000-square-foot facility and the importance of the microbiome.

Bowery’s KKR-led $150m credit facility may hint at robust business model, industry inflection point

January 20, 2022

The timing of KKR’s vote of confidence is particularly interesting as concerns mount about the future of some vertical farms, but Bowery CEO Irving Fain says it’s a positive inflection point for the industry.

Brief: Infarm raises $200m Series D from Qatar sovereign fund, others at $1bn+ valuation

December 16, 2021

Infarm is doubling down on its Growing Centres with a target to have 100 across 20 countries by 2030. The Qatar Investment Authority will work with it to build the emirate’s first Growing Centre by 2023.

Data Snapshot: H1 investment trend suggests CEA scene may be losing steam

December 8, 2021

Novel Farming Systems ventures – which include tech-enabled vertical farms and greenhouses – may be losing their luster for investors.

Data Snapshot: Bowery’s $300m round tops H1 2021 Novel Farming Systems deals

November 10, 2021

Novel Farming Systems ventures raised a total of $911 million in funding during the first six months of the year, according to AgFunder data.

South Korean indoor ag startup N.Thing nets $26m Series B funding

October 4, 2021

N.Thing said the funds will go towards worldwide commercialization of CUBE, its modular, software-powered vertical farming system.

Artemis acquired by iUNU in continued CEA rollup creating $50m+ contracted revenue company

September 27, 2021

Artemis and iUNU will explore opportunities to offer more financing solutions to their CEA customers after the deal completes.

Indoor ag startup Iron Ox closes $53m round led by Breakthrough Energy

September 22, 2021

It will use a chunk of the funding to open its largest facility yet: a leafy greens and berries-focused greenhouse in Lockhart, Texas.

Cargill & AeroFarms talk indoor cocoa production

September 6, 2021

They’re hoping the insights they derive will revolutionize outdoor production, too.

Novel Farming Systems top funded startups 2020

Data Snapshot: Insect ranches, vertical ag among 2020’s top-funded ‘Novel Farming’ startups

August 26, 2021

Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.

Brief: Cox Enterprises acquires indoor ag startup BrightFarms

August 19, 2021

The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”