Finnish agritech startup with VF tech raises €150K seed

Arctic Farming raises EUR 150K to take vertical farming mainstream

Arctic Farming, a Finland based AgriTech startup, has raised EUR 150K in a seed round to get its disruptive vertical farming technology to the market. Arctic Farming has developed a new vertical farming solution for the wholesale, restaurant and retail industries enabling hyperlocal food production in any indoor space. The company opened its new R&D facilities in May at the Aalto University campus in Otaniemi, and is preparing to ship its first production units in early August. The funding will be used for customer acquisition and to validate the technology in collaboration with a number of award winning restaurants in the Helsinki area.

Arctic Farming raised EUR 150K in seed funding in preparation for first product deliveries

Arctic Farming Oy has raised EUR 150K in seed funding - investing more into product development and to get its technology product to the market. The Finland based AgriTech startup has developed a new and disruptive vertical farming technology that enables Foodservice and HoReCA operators to grow their own fresh vegetables, herbs and berries in their own premises regardless of the time of year, or their geographical location. Combined with Farming as a Service, this technology enables Arctic Farming to take vertical farming mainstream by bringing food production right next to the end users, cutting the need for international logistics and traditional field farming. Unlike industrial vertical farming operators, the easily scalable plug-and-play solution developed by Arctic Farming will enable vertical farming to be done in any indoor space with access to water and electricity. The farming walls developed by Arctic Farming are fully automated and hands-off, and are ready to be used, straight out of the box.

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Photo by Lettuce Grow on Unsplash

Source: Arctic Startup