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.
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Tag: indoor agriculture
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.
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.”
Saltwater ag startup Red Sea Farms raises $16m from AppHarvest, Aramco
August 16, 2021
The startup aims to grow its footprint across Saudi Arabia and the UAE, as well as US regions “where growing conditions are harsh.”
80 Acres CEO reflects on vertical farming post $160m raise: ‘There will be losers with very big names’
August 11, 2021
In the wake of a $160 million Series B round, 80 Acres CEO Mike Zelkind argues that some valuations in the indoor ag industry are exaggerated.
Indoor agtech startup iUNU acquires pest advisory firm CropWalk
August 10, 2021
CropWalk CEO Charlie McKenzie said that his company’s clients “want us around more often; with iUNU, we can be there all the time.”
Brief: AppHarvest targets 12 indoor farms by 2025 following $91m Equilibrium Capital injection
July 29, 2021
AppHarvest also announced the appointment of former Amazon tech exec Mark Keller to head up its on-farm robotics efforts.
Brief: Infarm plots major Canada expansion with strengthened Sobeys partnership
July 27, 2021
CEO Erez Galonska said the deal “represents one of the largest rollouts of any vertical farming company in North America to date.”
Augmentus raises seed funding for its ‘no-code’ robotics system
July 27, 2021
The Singaporean startup is deploying its robotics platform across multiple industries – including indoor ag, where it streamlines crop inspection and harvesting.
European pension managers go big for indoor ag as Equilibrium closes $1.1bn CEA fund
July 8, 2021
The Portland-based firm has closed its second indoor agriculture fund well beyond its $500 million target.
Indoor farm Shenandoah Growers picks former Starbucks marketing chief as new CEO
June 30, 2021
It claims to be the US’s largest indoor farming operation to be certified organic by the USDA – and the country’s leading supplier of fresh herbs.
Brief: Local Bounti agrees $1.1bn SPAC deal backed by Cargill
June 23, 2021
The Montanan startup claims it can offer “superior unit economics” thanks to a “unique hybrid facility configuration” combining conventional greenhouses with vertical farming.
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