红桃视频

Vertical farming seems to have taken root in the heart of investors鈥攚ith Netherlands-based being the latest agtech company to cash in.

In January, South San Francisco, California-based farming startup sprouted a $400 million Series E led by new investors and . The round also included participation from strategic partner and existing investor 1. Founded in 2014, the company has raised $940 million to date, according to 红桃视频 data.

That was followed in February by Florida-based vertical ag company announcing plans to go public on the through a merger with a SPAC. The deal is slated to close at the end of April.

Now, Future Crops has taken in an undisclosed investment from 鈥�. The company had already raised more than $30 million in seed funding from a private equity arm run by the Lerman family of the steel industry.

The basic concept of vertical farming is that produce is grown on levels鈥攐ne above each other鈥攃onserving both land and water while also cutting down on pesticides and other chemicals.

Future Crops鈥� vertical farming platform, for instance, utilizes a 鈥渦nique soil-like substrate鈥� to help reproduce the natural environment, the company said in a release.

Agtech startups had a record year in 2021 in terms of fundraising鈥攖aking in more than $5 billion in funding. This year, agtech already has raised nearly $1.3 billion to date.

Illustration: