Vertical Farm Startup iFarm Raises $4 Million for Automated Indoor Farming

A Finland-based vertical farming company iFarm announced that it has raised US$ 4 million funding led by Gagarin Capital, who previously invested in the project. Other investors include Matrix Capital, Impulse VC, IMI.VC and more. With the funding, iFarm said it will deepen its automated indoor farming technology and extend cultivation experiments.


(Image: iFarm)

iFarm offers vertical farming solutions for growing greens, berries and vegetables. It aims to develop its iFarm Growtune tech platform that enables operations of multiple varieties of vertical farms and quadrupling the number of plants available to iFarm's tech. The company has over 50 on-going projects with clients in Europe and the Middle East for 2020.

iFarm's automated vertical farm management technologies using LED lighting allow customers to start growing salads, greens, berries and vegetables in the urban environment such as empty warehouses, factory shops, basements and distribution centers.

One coronavirus impacts is that people are getting more aware of the importance of local food production for food security, which leads to increasing urban/indoor farming projects based on vertical farming technology across the world. Apart from big scale national vertical farming projects launched in UAE and Singapore, many agri-tech startups focusing on vertical farming technology also raised funding or expanded production.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE