French startup Futura Gaïa secures €11 million to fuel the future of vertical agriculture
Summary
As the name suggests, it consists of growing produce vertically, (rather than in traditional horizontal rows), which saves space, can be done indoors and enables a more efficient and more sustainable agricultural process. • Existing and continuing investors include (UI Investissement, Sofilaro, Région Sud Investissement, Caap Création a subsidiary company of Crédit Agricole Alpes Provence, Occipac, Elpis and Alain François Raymond • New investors include Banque des Territoires, Abeille Impact Investing France, Colam Impact, InvESS’t PACA and several dozens of private individuals through Sowefund • It adds to a €2.5 million raise in 2020. Founded in 2019, Futura Gaïa designs and markets ready-to-use vertical farms that offer soil-based automation and are complementary to open-field and greenhouse agriculture. The support and loyalty of our historical investors combined with our new capital providers testify the relevance of our approach.” The Controlled Environment Agriculture market (CEA) is growing at a fast pace at the moment. To face the accelerating impacts of climate change and water scarcity, Futura Gaïa aims to contribute to improving the outlook for food sovereignty, whilst involving local actors.