Tag: vertical farming

Brief: AeroFarms & Spring Valley terminate $1.2bn SPAC deal

October 18, 2021

David Rosenberg, the vertical ag company’s CEO, said that “proceeding with this transaction is not in the best interests of our shareholders.”

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.

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: Kalera agrees $153m deal to acquire &ever in vertical farming combo

August 12, 2021

Kalera will instantly expand its global presence by acquiring &ever, which operates vertical farms across Europe, Southeast Asia, and the Middle East.

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.

Hey Alexa, should I water my lettuce? Telus, Amazon funds back home farm startup Rise Gardens

August 2, 2021

Rise Gardens founder Hank Adams launched the in-home farming startup after finding the economics of large-scale indoor farming too daunting.

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.”

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.

Move over leafy greens: Seedo Corp is cultivating saffron indoors

June 10, 2021

The Israeli company wants to make saffron more accessible and affordable by growing the spice – which is more expensive than gold – indoors with the assistance of technology.

Future Food 🎙️: How Bowery reached $2.3bn and is building its biggest farm yet

May 27, 2021

Bowery just closed the biggest-ever vertical farming funding round. Listen to our recent podcast with its CEO Irving Fain here.

Bowery bags ‘biggest-ever’ vertical farming raise with $300m Series C

May 25, 2021

Bowery will use the funding to fuel R&D efforts around new crop varieties like cucumbers, peppers, tomatoes, root vegetables, and tubers.

CEA Food Safety Coalition leafy greens certification label mockup

CEA Food Safety Coalition launches certification standard for indoor-grown leafy greens

May 10, 2021

The CEA Food Safety Coalition has launched a new certification for indoor leafy greens growers that takes into account the industry’s specific attributes.

Brief: UAE’s Madar Farms partners with UK vertical farming startup IGS

April 22, 2021

Madar Farms is one of several indoor ag operations that the UAE – which imports 80% of its food – has invested in to boost domestic production.

Oishii sees itself as ‘the Tesla of vertical farming.’ Here’s how it’s cracking CEA strawberries

March 31, 2021

Oishii is growing strawberries in vertical farms with the help of bees – and founder Hiroki Koga is taking his cue from none other than Elon Musk.

Brief: US vertical farming group AeroFarms joins unicorn club, strikes SPAC deal to go public

March 26, 2021

The Newark-based company is set to merge with Spring Valley Acquisition Corp, raising as much as $357 million in gross proceeds at a $1.2 billion valuation.

Hydroponic farm growing leafy greens indoors

Brief: US federal court rules that hydroponic produce can be certified organic

March 25, 2021

The Center for Food Safety had petitioned the US Department of Agriculture to cease its certification of hydroponic operations as eligible for the government’s ‘organic’ program.

Hydroponics startup Babylon Micro-Farms raises $3m seed capital for US expansion

March 18, 2021

It offers a ‘plug-and-play’ hydroponic growing system that can produce as much food as 2,000 acres of farmland, according to the Richmond, Virginia-based startup.