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Chief executive Ryan Lefers says an $18.5m bridge round of convertible-note financing in April helped the KAUST spin-out prepare a Q4 launch for an equity round for its saltwater-based farming systems.
CEO Ejnar Knudsen says the California pepper specialist is well positioned to bring produce from expanding greenhouse and controlled-environment production into existing sales channels.
Mushrooms
Managing partner Morty White said the firm views the controlled environment agriculture business less as a food business and more as an ‘agricultural infrastructure business’.
The indoor farming start-up intends to extend across the GCC and secured a joint venture with South Korean vertical farmer Farm8 in October ahead of a planned expansion into Asia.
The greenhouse grower uses hydroponic technology to grow leafy greens and wants to make its produce accessible to more than half the US population by 2026.
Controlled-environment ag and anaerobic digestion both benefit from a shift from optimizing efficiency and cost towards to a focus on reliability, resiliency and redundancy, says chairman David Chen.
Data products manager Allison Kopf says the company has already helped facilitate about $250m in expansion and project finance capital through a process it plans to accelerate over the next 18 months.
Co-founder Ryan Lefers describes informal discussions with US government entities regarding potential equity support for its controlled-environment farming systems in water-scarce markets worldwide.
Vertical farm
The Berlin-based firm is targeting beachheads in the Middle East and Asia-Pacific as it plans 40 new crops in 2022, including mushrooms and strawberries.
Tomato, greenhouse, indoor ag, CEA
Regardless of the bumpy rides AeroFarms and AppHarvest have had in pursuit of public listings, investors are lining up for controlled environment ag.
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