The global indoor farming VC deal activity

Written byIqra Aslam Reviewed by Dr. Achim Dobermann PhD Posted on Updated on
Agriculture, Food & Farming News & Updates
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Investment in indoor farming totaled nearly $1.2 billion worldwide in 2021, and the field has already attracted over $800 million this year. The global indoor farming VC deal activity is showcased in the scheme below. 

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Agtech investors are targeting innovations such as vertical and indoor farming as the COVID-19 pandemic and the war in Ukraine expose and exacerbate the vulnerabilities in the global food supply.

Against this backdrop, startups such as San Francisco-based Plenty, which raised $400 million in January, and Germany-based Infarm, which raised $200 million in December, are using a combination of internet-of-things technology, robotics, and data science to reduce waste, save labor costs and create new economies of scale.

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With the agricultural sector facing unprecedented challenges in the near future, the industry could rely on technology like indoor farming to help future-proof the global bread basket.

Source: Pitchbook

  

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(Staff Writer and Editor)

Iqra Aslam is currently working as lecturer of Biochemistry. She has been awarded with “Excellent performance Award” in recognition of her services and hard work. Her main areas of research include: enzyme based biosensors and enzymatic biofuel cells development.

(Subject Matter Expert)

Dr. Achim brings over 30 years expertise on science and technology for sustainable agricultural in all world regions. He serves on many advisory bodies, trying to help others succeed in their work. He loves rice, but his real passion are soils and crop agronomy because he believes that managing those well will make all the difference in the world.