Freight Farms, the agtech firm making mobile crop production facilities, has raised $3.7 million in a funding round led by venture capital firm Spark Capital.
These facilities, or “farms”, are large shipping containers that grow vegetables using hydroponics which are connected to a cloud database for monitoring and control. They are already used across various cities in the US and Canada, enabling restaurants, universities and hotels to have year-round access to local, fresh produce.
The company will use the latest round of funding to accelerate research and development of more products “that empower and expand our farmer network”, according to a release.
“Picture more businesses, communities and schools growing a more diverse variety of crops in the tightest spaces, harshest climates and where it’s needed most,” the company added.
Spark Capital has invested in a range of start-ups including Twitter and Tumblr.