US indoor grower closes business combination

Local Bounti Corporation announced the successful closing of its approximately $1.1 billion business combination with Leo Holdings III, a publicly traded special purpose…

Australian start-up signs $55 million contract with Canadian grower

Sunshine Coast-based Vertical Farm Systems (VFS) has recently signed a $55 million contract with a Canadian grower who will use their automated technology to grow leafy greens indoors on their multi-level, indoor growing system - the XA Warehouse System. Vertical Farm Systems is the only equipment seller…

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US vertical farming startup bags investment deal

AgFunder data confirms that US vertical farming startup Bowery bagged the biggest investment deal in the Novel Farming Systems category in the first half of this year. The New York-based company claimed that its $300 million Series C raise in May – was “the largest private fundraiser to date for an…

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Investor to locate vertical farms in German retail centers

Greenman Group, a Dublin-based property investment firm, has launched a new subsidiary that will introduce vertical farms into its network of retail centers across Germany. Its Greenman Open Fund currently has around 70 retail centers in Germany and is looking at expanding into France. Greenman’s OPEN…

The state of vertical farming in Italy

The vertical farming market spans the world, including Italy. In vertical farming, crops are cultivated in indoor environments, without soil, and on several layers. The benefit of vertical farming is all variables that determine the growth process of the plant can be controlled. Increasing technological…

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US: Funds available to encourage urban agriculture

Businesses, schools, nonprofits, local governments, and tribal entities seeking to promote urban youth agricultural education and urban agricultural community development can apply for the Minnesota Department of Agriculture’s Agricultural Growth, Research, and Innovation Urban Agriculture Grant. The…

UK firm discusses fund investments and company growth

In this YouTube video, Light Science Technologies Holdings joins Proactive London to talk about their CEA and contract electronics manufacturing (CEM) group. The company was recently listed on AIM, the London Stock Exchange, with the funds raised invested to speed up the group’s growth. Primarily through…

Joint venture receives financial assistance to develop Quebec vertical farms

Ocean Vert, a Quebec joint venture between Courchesne Larose and INNO-3B, has received $6.8 million in financial assistance from the provincial government to accelerate the development of its vertical farm project. The financial support includes a $4.7 million loan from the Ministry of Economy and…

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AUS company that captures carbon in soil with microbes raises $40 million

Decarbonization startup Loam Bio, which uses microbes to sequester carbon in farm soils, has raised $40 million in a series A. The round is led by Marc Benioff’s TIME Ventures, and other investors include Main Sequence Ventures, Horizons Ventures, the Clean Energy Finance Corporation, Acre Venture…

CAN: Capital investor emphasizes the importance of vertical farming

Soilless agriculture is a sustainable way of producing quality fruits and vegetables and other crops without the need for soil. Instead, plant roots are suspended in a nutrient-filled liquid. Maxwell Capital’s CEO, Steve Maxwell from Vancouver, BC is helping farmers and investors develop such…

Teens for Food Justice

Teens for Food Justice program awarded 300k by USDA for hydroponic expansion

Nonprofit Teens for Food Justice (TFFJ) has been awarded a $300,000, three-year grant by the U.S. Department of Agriculture (USDA) to expand its school-based, indoor hydroponic farming program throughout the Rockaway Peninsula. In partnership with the Queens South Borough Office of the New York City…

US (IL): $250k Funding received to improve accessible protein availability

In a move that will make way for new breakthroughs in life sciences research and sustainable energy, Governor JB Pritzker & DCEO announced 8 new projects as part of the Wet…

Illinois announces investment in lab development

In a move that will make way for new breakthroughs in life sciences research and sustainable energy, Governor JB Pritzker and DCEO announced 8 new projects as part of the Wet Lab Capital program and new investments to bolster Illinois Tech’s Microgrid. The past year has proven that investments in these…

Turkey: Agtech company closes first investment round of €10 million

Plant Factory received its first investment with a valuation of €10 million. Plant Factory produces pesticide-free and nutritious foods on city farms with the technology it developed in Turkey and aims to increase its production capacity by increasing the number of facilities. Plant Factory makes…

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Rwanda: Vertically stacked strawberry farm focusing on hydroponics

Rwanda needs at least Rwf 68.5 billion in the next two years or so to invest in hydroponic farming. The Ministry of Agriculture says it has earmarked 38.1 hectares on which to conduct hydroponic farming by 2024 as it steps up efforts to increase food production. However, in order to achieve its…

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EU: €50 mln fund launched for investing in early-stage food and agtech startups

Eatable Adventures has launched its first fund – the EUR 50 million Eatable Evolution Fund FCR I. The vehicle will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America.  This will be the biggest fund of its kind in Spain…

Ontario investing in indigenous agri-food economic development

The Ontario government is investing up to $550,335 to help the Anishinabek Nation establish an Agricultural Economic Blueprint to increase agri-food sector development…