ECBF leads €17 million Series A financing round for RED Horticulture
Summary
The aim: to drastically reduce energy consumption in greenhouses and maximize plant quality.The agricultural technology company has successfully completed a Series A financing round. The aim of this investment is to further develop the company and promote its innovative lighting strategies.Controlled environment agriculture, which includes greenhouses, is set to grow rapidly due to the numerous benefits it offers. It enables the production of healthy and nutritious crops close to the point of consumption, using less soil and water, while minimizing the use of chemicals.The company uses its own AI platform based on photobiological LED lighting solutions. This is in line with the EU Green Deal, which aims for a carbon-neutral Europe by 2050.RED Horticultures technology uses dynamic LED lights with a specific spectrum to precisely activate the photoreceptors of plants in greenhouses. This move reinforces RED Horticultures position as a company committed to more sustainable agriculture without compromising on quality or yield.