Head of Europe Yury Fedorov says the company was one of the first to use LED lighting on a commercial scale, touting its farms as up to 95% more efficient than conventional ones.
The seventh investment from the €450m Alantra Private Equity Fund III will enable the health-food firm to expand internationally and develop its product base.
The firm will focus on developing artificial intelligence and drone technology to monitor citrus tree orchards health and productivity in California and Brazil.