What Happened This Week in Indoor Farming?

Every Sunday, discover a free recap of the week from the world of indoor farming.

This edition is sponsored by AgriHub & AmplifiedAg.

Good morning readers, this week we’ve seen a new funding round, new planned facilities in the middle-east, and additional acquisitions/partnerships inked by companies throughout the sector.

Here is this week’s highlight:

This Week’s Editorial:

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This Week in Indoor Farming

In order to broaden its presence in the region, Qatar Free Zones Authority (QFZA) and AeroFarms signed a contract with QFZA and Doha Venture Capital (DVC) to construct a commercial indoor vertical farm in QFZ.

AeroFarms' newest generation of proprietary growing technology, which the company claims can achieve up to 390 times greater annual productivity per square meter than conventional field farming while using up to 95% less water and zero pesticides, will be used in the new commercial indoor vertical farm in Qatar. According to the press release, AeroFarms' revolutionary technology will enhance local food production, making high-quality food items available locally all year round, lowering imports, and raising the nation's self-sufficiency.

Freight Farms has revealed a $17.5 million Series B3 funding round, that has been co-led by Aliaxis SA, a global pioneer in enabling access to water and energy through creative fluid management solutions, and Ospraie Ag Science, a top investor in cutting-edge AgTech firms offering smarter, more sustainable agricultural solutions. Using its range of adaptable, modular, and simple-to-use container farms and farm automation software, Freight Farms aims to enable anybody to grow food anywhere. The money will help the company in this endeavor. Spark Capital, Stage 1 Ventures, and Alkaline Partners also participated in the round as backers.

In order to accommodate future expansion, additional in-house training for clients, and a greater level of research and development, all of which will be funded by this investment, Freight Farms launched its new headquarters in Boston in August 2021. Along with an emphasis on both hardware and software innovation, additional product options are already being developed for a multitude of farming needs.

Soli Organic Inc. announced plans to build a high-tech, automated indoor farm and a co-located packing factory in San Antonio, Texas' Brooks area. The Brooks farm will add 40,000 square feet of processing space, six vertical levels of production space, and 100,000 square feet of growing area to Soli Organic's national presence. By running high-tech farms in important areas around the country, the corporation will be better able to address the demands of merchants and end customers. Soli Organic grows in a denser and deeper six-level tray system that more effectively utilizes horizontal and vertical space to create considerably greater yields than certain controlled environment agriculture (CEA) companies that employ single-layer greenhouse technology.

The Brooks area in San Antonio was chosen by Soli Organic as the location of its new farm due to its advantageous location. The farm will boost the company's ability to provide more locally-grown products to the 3,000 stores and millions of customers throughout the rapidly growing Texas Triangle and the Southwest area. The new facility will also provide opportunities for management and grower talent coming out of a solid university and community college system in this booming and developing region.

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Other Indoor Farming News:

Upcoming Events

From Hype To Sustainable Investment Propsect: Investor’s Perspective on Modern Commercial Urban Farming - an FAO & EBRD Webinar. Read more here.

MeetUps For Women In Agribusiness Are Returning! - Read more here.

Global Vertical Farming Show Set For Its 3rd Edition - Read more here.

Vertical Farming Business Leaders Plan Congress in Abu Dhabi - Read more here.

Articles To Read

Sustainable Supply Chain Solutions Drive Gotham Greens Growth - An Indoor Ag-Con Q&A. Read More Here.

Fischer Farms boss reveals £1bn vertical farming ambitions - Eastern Daily Press. Read More Here.

How agtech start-ups can survive a capital drought - McKinsey Report. Read more here.

COP27: US Secretary of Ag Vilsack calls out carbon science, agtech VC investment as lacking - AgFunder News. Read more here

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