The top 20 deals in Novel Farming Systems in 2023
Funding in Novel Farming Systems—an AgFunder category spanning vertical farming, insect ag, aquaculture, & algae —fell off a cliff last year
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Funding in Novel Farming Systems—an AgFunder category spanning vertical farming, insect ag, aquaculture, & algae —fell off a cliff last year
It's been relatively quieter on the funding front this week, but it appears there's still plenty of interest from investors in agtech and AI.
Vertical farming and automation just got a large new investment with $40 million going to Aussie startup Stacked Farm.
Stacked Farms has now raised close to $100 million to build indoor vertical farms that automate the growing of lettuces, spinach and eventually strawberries, blueberries and tomatoes.
Stacked Farm can produce perfect-looking strawberries, tomatoes and baby cos all year round. But will high energy inputs be its achilles heel?