Raiven Cash Invests in Agtech Company Vertical Harvest

TORONTO & PALO ALTO, Calif.–(Company WIRE)–Raiven Funds, a world wide early-stage tech enterprise fund, today announced its investment in Vertical Harvest, an AI-driven, urban hydroponic farming startup. Raiven Cash co-led the investment decision with Nicoya AB out of Sweden. Raiven Typical Lover Paul Dugsin and Minimal Companion Bjorn Oste have also joined the board.

“We are thrilled to make investments in this female-led modern business that is reworking urban farming. Vertical Harvest’s solution working with AI and IoT to strengthen yields are match switching,” reported Paul Dugsin, Standard Partner at Raiven Capital.

Vertical Harvest’s agricultural output is beautiful from an expenditure standpoint. About five yrs, the enterprise proved their design and streamlined operations in their 14,000 sq. foot pilot facility. They are now scaling to 10 farms throughout The united states, every about 200,000 square ft of area.

“Vertical farms are important to city infrastructure and the improvement of intelligent metropolitan areas,” said Supreet Manchanda, including that the Vertical Harvest platform has subtle units that use 90 percent much less drinking water and call for 90 p.c significantly less space when increasing yields by up to 15 periods in a 12 months.

Vertical Harvest CEO Nona Yehia reported that: “In the previous couple several years we have been iterating with new methods to produce our Future Generation Increase Systems™. Raiven is presently supporting us employ new technologies and deepen market partnerships. Their insights will be very important as we scale.”

CEO Christopher Slender, Nicoya AB, mentioned that: “It has been a enjoyment doing work with Raiven on this co-expense. Nicoya and Raiven with each other guidance Vertical Harvest as it combines foodtech, AI, and wise city initiatives with public and personal funding for the 21st century collectively.”

A hallmark of the corporation is the effect it will have on interior metropolitan areas, as properly as its social mission to very first hire men and women with mental and actual physical disabilities. Their public-non-public partnerships reimagine civic infrastructure by co-finding foods generation in urban housing, retail, parking and other group spaces. These initiatives foster wise city improvements, climate resilience and protection.

About Raiven Capital

Raiven Funds is a global early-phase engineering undertaking fund with roots in both of those Silicon Valley and Toronto. Raiven Funds focuses on prospects in artificial intelligence, DLT and World wide web of Points. Raiven actively seeks passionate founders developing corporations that enhance price chains across cybersecurity, finance, vitality, overall health, surroundings, and food items sectors. At the time expansion is strong, Raiven exits its portfolio businesses to afterwards-stage money in Silicon Valley and outside of.

Find us on LinkedIn, Twitter and Fb. To master a lot more about our contemplating on innovation, startups, and venture funds, study our weblog Dry Powder.

About Vertical Harvest

Vertical Harvest is a hydroponic, vertical farming corporation committed to sustainable farms, food and futures. In addition to our enthusiasm for area, healthful meals developed sustainably, Vertical Harvest also operates on an inclusive employment model. Our farms are made for accessibility and staffed by means of selecting procedures produced for folks with disabilities, and our mission is to energize local food economies by utilizing foodstuff as a medium for meaningful modify. As we convey foods creation back to the town, we are partnering with civic leaders and area developers to co-find our farms with inexpensive housing, bolster community green electrical power efforts, continue to keep pounds in-local community extended and reestablish people’s relationship to their farmers and the new, flavorful, foodstuff we improve.

Resource hyperlink

You May Also Like