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UK investor plans to boost investment in vertical farms up to £500 mln

Gresham House, a UK alternative investment specialist, plans to boost its investment in vertical farms by 10 times over the next three to five years, boosting its total commitment to between £300 million ($344 million) and £500 million. Chinese tech giant Tencent Holdings Ltd. invested in an…

Canada: $6.5 million CAD dedicated to boost agtech

Kwantlen Polytechnic University (KPU) experts are lending their expertise to a new initiative focused on improving food security in B.C. and around the world. The B.C. Centre for Agritech Innovation will bring together academia, government, and industry partners to create more productive, diverse, and…

YASAI launches crowd investing campaign, raised 1,2 million thus far

YASAI, a vertical farming company based in Switzerland, has unlocked a crowd investing. Others can now get a slice of YASAI, no matter what the budget is. "We recommend going for it, while it's fresh," the team states.  During pre-registration, YASAI has said to have raised € 1,19 million with 170 investors.…

€2 million EU grant for Brussels-based PermaFungi

The Brussels cooperative PermaFungi has signed an agreement with the European Union for a two million euro grant. The agricultural cooperative announced this on Monday. The money will cover 60 percent of the cost of installing a production line that can produce five tonnes of mycomaterials a month. These…

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Investment in vertical farming market continues steady rise

“From an environmental perspective, vertical farms could play a critical role in reducing land, fertilizer, water, and pesticide use for greens, vine crops, herbs, and other high-value crops,” said Daniel Blaustein-Rejto, director of food and agriculture at The Breakthrough Institute. Kate Schaffner,…

Photo: RWJBarnabas Health

US (NJ): Urban farming trend growing in New Jersey, funding bill revived

In New Jersey's biggest city, a large vertical farm sits inside a 70,000-square-foot facility. It produces nearly two million pounds of leafy greens and other healthy veggies per year, and its wares can be found at major retailers like ShopRite, Whole Foods, FreshDirect, and AmazonFresh. This setup, seen…

Agfunder

California agrifoodtech investment still outpaces the rest of US by billions

The US still attracts the bulk of agrifoodtech capital, according to AgFunder’s 2022 AgriFoodTech Investment Report. Startups in the US raised $21 billion in 2021 across 1,062 deals, accounting for 41% of investment capital for agrifoodtech.  At the state level, California agrifoodtech investment continues…

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US (NY): Vertical farm seeks tax break in order to expand

Ellicottville Greens, a vertical farm company, has asked the County of Cattaraugus Industrial Development Agency for tax-exempt financing to build a corporate headquarters and growing facility in Ellicottville for the company's vertical gardens.  The company is seeking to create a network of sustainable indoor…

UK: £15,000 vouchers available for horticultural, food and drink research

A voucher scheme offering food and drink businesses 75% funding towards projects worth up to £20,000 with leading research organizations has been launched by Growing Kent &…

Urban Crop Solutions launches financing option for its clients

Urban Crop Solutions and Siemens Financial Services have launched a program whereby, under certain conditions, customers of Urban Crop Solutions can benefit from a financing option offered by Siemens Financial Services. Customers that have a sound financial track will be able to benefit from this new…

11 ways to reduce vertical farm operating costs

While indoor vertical farms allow farming entrepreneurs to grow multiple crops in a smaller footprint than traditional agriculture, to reduce vertical farm operating costs there are still short and long-term financial considerations that should be addressed when planning and operating your urban…

Japan: Spread raises $30 million to accelerate R&D in berries and alternative meat

Spread Co., Ltd. has secured $30 million (4 billion yen) in a Series A round, which will be used to develop new technologies for its automated Techno Farm Fukuroi *1. Besides that, Spread will also invest in strawberry and alternative meat R&D. Plus, global business development. And the marketing of its…