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Spain: Groots receives undisclosed investment to expand nationally

The Tech Transfer Agrifood FCR fund (TTAF), managed by Clave Capital, has invested in Groots Hydroponics SL, a vertical farm. A financing round, led by its current partners, will allow the company to accelerate its national expansion with the aim of offering the industry a technology with which to develop smarter and more sustainable agricultural practices.

For its part, Tech Transfer Agrifood FCR, the fund specialized in the food industry of Clave Capital, achieves with this operation its 25th investment since its foundation in 2019. This economic injection represents "a highly relevant strategic step" for the vehicle since it is "a significant milestone in the transformation of aromatic herb production, in addition to setting a new standard in sustainable agriculture. Groots Hydroponics' experience in vertical agriculture is a fundamental piece for the future of the food industry," TTAF highlights.

"This new investment also consolidates our firm commitment to those technologies that not only transform the way we produce food but also address the great current challenges of the agri-food sector such as food safety and environmental sustainability, key factors with those of us who are strongly committed," explains Pedro de Álava, director of the Clave Capital fund.

In addition to financial support, the fund will advise and accompany Groots Hydroponics in achieving the set objectives. It will make available the knowledge, experience, and professional network of the fund's expert team: "TTAF's investment allows us to finance the national expansion of Groots, and his experience in the food industry provide us with valuable contacts and knowledge to improve our operations and machinery," says Joaquim Bas, Co-founder of the startup.

Read the entire article at El Mundo Financiero (Spanish)

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