Brief: Local Bounti agrees $1.1bn SPAC deal backed by Cargill
The Montanan startup claims it can offer “superior unit economics” thanks to a “unique hybrid facility configuration” combining conventional greenhouses with vertical farming.
The Montanan startup claims it can offer “superior unit economics” thanks to a “unique hybrid facility configuration” combining conventional greenhouses with vertical farming.
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.
Bowery just closed the biggest-ever vertical farming funding round. Listen to our recent podcast with its CEO Irving Fain here.
Bowery will use the funding to fuel R&D efforts around new crop varieties like cucumbers, peppers, tomatoes, root vegetables, and tubers.
The CEA Food Safety Coalition has launched a new certification for indoor leafy greens growers that takes into account the industry’s specific attributes.
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 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.
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.
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.
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.
Denmark’s Nordetect wants to help CEA startups get a better glimpse of their nutrient use without waiting weeks for a lab test result.
With backing from Sony and other investors, US-based Oishii grows the berries indoors using ancient Japanese farming practices.
Infarm CEO Erez Galonska declined to comment on rumors that the startup has retained perennial IPO underwriter Goldman Sachs to help it raise more funds.
The new growing center takes six weeks to construct and can produce the equivalent of up to 10,000-square-meters of farmland, according to InFarm.
After six years at Impossible Foods, Dana Worth is joining CEA startup Plenty as senior vice president – just as indoor farming begins to really heat up.
New research from biotech startup BYAS suggests that a microalgae extract could improve the commercial viability of indoor & vertical farms.
The city-state’s trade minister predicts “many other companies” will follow Perfect Day and others setting up R&D and manufacturing facilities there.
Unfold launched in August with $30m in funding from Bayer and Temasek. John Purcell, CEO and Bayer’s former vegetable R&D chief, has had a busy few months.
Plenty will use the funding to build out its new Compton, CA, facility and to research strawberry cultivation alongside new investor Driscoll’s.
Infarm says that by 2025 its operations will reach more than 5 million square feet to become the largest distributed vertical farming network in the world.