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.
The round was led by Gagarin Capital Partners, with Matrix Capital, Impulse VC, IMI.VC, along with various undisclosed business angels joining in.
Named Unfold, the new venture has received $30 million in funding from the two companies, along with rights to germplasm from Bayer’s vegetable portfolio.
The Korean chemical giant’s Singapore agribiz hub will “pioneer solutions for the world food supply chain through innovation, not just plain food trading,” its CEO tells AFN.
Australia is technologically advanced, highly urbanized, and has farmers aplenty – but its urban ag industry is practically non-existent. Sydney startup Blakthumb finds out why.
Kalera recently announced plans to open what it describes as the largest vertical farm in Texas.
There’s space for vertical farming among Chile’s urban populations, where year-round fresh produce is not as abundant as you might think.
NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding,
Vertical farming companies have largely seen Covid-19’s pressure on globalized food supply chains as a confirmation of what they had been saying already: resilient supply chains are hyper-local supply chains, especially when it comes to fresh produce. But there is also a more direct way vertical farmers want to confront the virus.
Henry Gordon-Smith is founder of urban farming consultancy Agritecture and is today launching a new urban farm planning software tool called Agritecture Designer.
Vertical farming venture Infarm’s Emmanuel Evita shares with AFN how Covid-19 is disrupting and driving its expansion and demand for hyper-local fresh food.
The container farming startup is planning to dig deeper into plant science to optimize its connected platform and provide growers with better recipes.
Freight Farms’ container farms can be integrated into food-focused curricula or provide work-study opportunities for curious students, as well as supplying their canteens.
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