Welcome to iGrow News, Your Source for the World of Indoor Vertical Farming
Investors Eye Growth In Vertical Farms
Vertical farming is taking root. The market share of large-scale farms was estimated at $3.3 billion by Precedence Research in 2020 and is anticipated to increase nearly ten-fold, reaching $31.6 billion by 2030
AppHarvest: Firing On All Cylinders
AppHarvest has three quality characteristics that show it is stronger than most of its agtech competitors
How AppHarvest Is Investing In The First Generation of High-Tech Farmers
Agriculture may have been slower to digitize than other parts of the food sector, but these days a lot of folks would agree artificial intelligence, automation, and other technologies have a role to play in the future of farming
Can Vertical Farms Be Profitable?
Basically, we’re skeptical of both the economics and the save-the-world ethos that many companies preach. We enlisted an industry insider to help us separate the wheat from the chaff
A SPAC Deal Sprouts For AgTech Company Local Bounti: What Investors Should Know
One of the company’s key investors is Cargill which is listed as a strategic partner and will invest in the company as part of the SPAC deal. Cargill will also provide a $200 million debt facility to help with Local Bounti’s expansion plans
Pure Harvest Aims To Change The Face of Fresh Food
Having secured $60 million in funding, Pure Harvest Smart Farms is looking to expand its operations into Saudi Arabia and Kuwait, using advanced technology to bring food security to the arid Middle Eastern climate.
AeroFarms: An Unproven Business With Enormous Risk
AeroFarms's mission is to grow the best plants possible for the betterment of humanity
Spread, Chubu Electric Power And ES-CON JAPAN Enter An Investor Agreement, Plan To Construct Techno Farm Fukuroi, World’s Largest Vertical Farm To Produce 10 Tons Daily
Spread is excited to enter the investor agreement with Chubu Electric Power and ES-CON JAPAN, as all partners share the same vision and values of sustainable agriculture, and each partner is bringing their own unique strengths to the partnership
Bowery Farming Secures $300 Million To Continue US Expansion
The company has secured more than $472 million in funding to date, bringing its valuation to $2.3 billion
What’s A Hydroponic Farm Start Up Cost? Know What To Expect
Is a typical hydroponic farm start-up cost very steep? Or is it something that’s affordable and easy to manage? If you are looking into starting with hydroponic farming, you may be quite eager to know the overhead and upfront cost
Global Investment In Agri-Food-Tech Surged To $ 22.3 Billion
Finistere Ventures report reveals $ 5 billion invested in Agtech and $ 17.3 billion invested in Foodtech in 2020. Finistere Ventures expects 2021 to dwarf 2020 numbers as capital continues to flood into agtech.
VIDEO: Tortuga Raises $ 20m To Build Hundreds of Harvesting Robots
Last year Tortuga launched a strawberry harvesting robot. This platform is flexible, according to Tortuga it can be adapted to work on other crops like indoor-grown tomatoes or outdoor table grapes
VIDEO: How Max Chizhov, Co-Founder And CEO of iFarm Raised $4M To Build An Indoor Farming Solution Provider In Today’s Urban Environment?
The company is an indoor farming solution provider of plug and play automated vertical farms and data-driven software. Easy one-button managed farms from 50 till 5000 sq.m and a wide range of plants to grow are available for customers
Abu Dhabi Investment Office Announces Funding For LED Vertical Farm R&D
AeroFarms, Madar Farms, RNZ, and Responsive Drip Irrigation will receive AgTech-centric funding to further develop vertical farming techniques that can help feed the UAE region
Investing In Vertical Farming: Five Take-Aways
Humans have 12,000 years of experience growing food, but only a generation or so worth of experience growing crops indoors
