Avisomo funding news - Oslo-based AgriTech startup Avisomo Secures €5 Million in New Funding
Summary
Martin Molenaar, CEO and Co-founder of Avisomo said, Our technology is designed to integrate smoothly into existing supply chains, eliminating the need for local expertise in cultivation, chemistry, or technical operations. This allows our customers to grow fresh food locally year-round, with minimal resource use, extended shelf life, and without the environmental impact of transportation,. By boosting local food production, vertical farming can cut transport emissions from imported crops.Sverre H. Bj\xf8rnstad, Director of Innovation Norway Innlandet said, Innovation Norway has supported Avisomo on several occasions, and the company has demonstrated impressive execution capabilities in previous projects, The company is now in a growth phase, focusing on technology development for a fully automated facility for vertical hydroponic cultivation of plants. Avisomo secured funding just as it nears completion of its industrial pilot with Norwegian retailer Coop. Starting summer 2025, the facility will produce up to 100 tons of fresh lettuce yearly, focusing on imported varieties.