Iron Ox

US: $50 million in funding closed for autonomous farm leveraging AI & Robotics

Iron Ox, which launched an autonomous farm some years ago, announced a new investment round of $50M, bringing total funding to date to $100 million. The series C was led by Breakthrough Energy, an investment group dedicated to achieving net-zero emissions by 2050. Other investors in the Series C round…

Entering agreement to acquire intellectual property

AgriFORCE Growing Systems announces that it has entered into a material definitive agreement to acquire the intellectual property (IP) from Manna Nutritional Group LLC (MNG),…

US (PA): $500,000 program opened to improve urban agriculture

Agriculture Secretary Russell Redding today announced the opening of the 2021-22 PA Farm Bill's $500,000 Urban Agriculture Grant Program to grow agricultural infrastructure in…

Image: Fork Farms

Hydroponic farm closes $2 million series

Green Bay agriculture technology startup Fork Farms LLC closed a $2 million Series A round led by Green Bay venture capital firm TitletownTech. Fork Farms is known for its indoor vertical hydroponic growing system called the Flex Farm, designed to make fresh food production highly cost-efficient and…

Photo by Sky Greens

Singapore vertical farm exploring opportunities with EU and UK partners

Skygreens is now exploring opportunities with partners in the UK and Ireland. With a system that can be sited in a wide variety of environments from farm to industrial the Skygreens' tower system is ergonomically designed to allow organic, efficient growing and harvesting utilizing minimal water and…

CAN: 450-tower vertical farm to be installed in BC

Foundation Farms has received a 450 tower vertical farm which will be located in Abbotsford, British Columbia. Gross margin is expected to be $445,000 per year or 98% of sales. The joint venture with Life Leaf Gardens, is expected to generate a net profit of $113,000 per year or 25% of sales and payback…

Building facilities across Canada, as well as in Greater London and Copenhagen

“We are building the largest vertical farming network in the world. We’re currently in 10 countries on three continents but will be adding more to our world map,” says Daniel Kats, Executive Vice President of Sales at Infarm. The company launched in seven Canadian cities during the pandemic and recently…

East Phillips Neighborhood Institute

US (MN): Pledging $12.3M to build urban farm in south Minneapolis

A seven-year push to build an "Urban Farm" in the middle of a heavily industrial area of Minneapolis is one step closer to becoming a reality. The East Phillips Neighborhood Institute, or EPNI, recently told a Minneapolis City Council committee that it could raise $12.3 million to secure a 7.6-acre site…

Peter Hvizdak / Hearst Connecticut Media

US: (CT): Interest in using old school for hydroponic operation

City officials are entertaining a proposal that the city grow its own lettuce or microgreens in a hydroponic operation inside the old Stiles School building to generate revenue. After receiving a state grant to fund the assessment of toxin removal from the former Thompson, Stiles and Blake schools, city…

New $100 million fund focuses on greenhouse and indoor projects

A newly launched investment fund that is currently looking for investors, says it seeks to invest primarily in proprietary conventional, organic, and niche market indoor…

Milwaukee Journal Sentinel

US (WI): $425k loan approved to launch farm operations

An indoor urban farm planned for Milwaukee’s Century City business park was approved for a $425,000 loan to help launch its operation. Hundred Acre is a food-tech incubator that aims to bring hyper-local fresh greens.  The loan was approved by MEDC, a local lender, to help finance the $855,000 Hundred Acre…

Improving food access through new farms, retail partnerships, and product R&D

“We’ve proven that the technology works so now it’s our time to bring that to more and more communities,” says Noah Zelkind, Director of Business Development at 80 Acres Farms.  80 Acres Farms is a vertical farming company that currently operates eight indoor farms and produces a wide product line including…

Azerbaijan investment company links cooperation with Israeli crowdfunding platform

Israel’s most active crowdfunding platform OurCrowd has signed a memorandum of understanding (MOU) with the Azerbaijan Investment Company (AIC) to promote strategic investment cooperation by Azerbaijan’s government in the Israeli VC’s portfolio, OurCrowd announced earlier this month. The agreement makes…

Kalera to acquire &ever, aiming to expand globally

Kalera AS, an American vertical farming company, has entered into a share purchase agreement for the acquisition of all shares in &ever GmbH, a German indoor farming company. The total enterprise value is € 130 million. The consideration will consist of a combination of cash and Kalera shares.…

© Siemens

Singapore: Siemens invests $14,1 million in floating aquaculture startup

Singapore Aquaculture Technologies (SAT), a pioneer of tank-based closed-containment aquaculture systems on floating structures, has finalized a Series A financing round totaling S$9.2 million. The main part of this equity investment comes from Siemens Financial Services (SFS) via Siemens Project…

First funding round secured

Organifarms has closed its first round of funding last week. The funding is provided by the Start-up BW Pre-Seed Program of the state of Baden-Württemberg. The start-up was supported by the start-up incubator Grünhof, which acted as a partner for the necessary preparation of the application documents and the pitch presentation.…

UrbanKisaan

BASF Venture Capital invests in Indian startup UrbanKisaan

BASF Venture Capital GmbH (BVC) is investing in the Indian startup UrbanKisaan, which specializes in hydroponic cultivation of various types of vegetables, greens, and herbs in tropical urban environments. This is BVC’s first investment in an early-stage business focusing on India. Conceptualized in…

AUS team wins top honours at Injaz Company Programme

A team of budding entrepreneurs from American University of Sharjah (AUS) recently won the Product of the Year award at the Injaz Company Programme 2020–2021. Competing…