BREAKING: Intelligent Growth Solutions Raises £5.4m Series A with S2G, AgFunder, SIB for Breakthrough Vertical Farm Tech
Summary
We’re excited to announce that Intelligent Growth Solutions (IGS), a Scottish vertical farming tech provider, has raised £5.4 million in Series A funding. To those customers, IGS is selling a variety of products from the full-stack vertical farm tower, to growth stations that are 2 meters high and can be deployed in low-rise indoor locations, to a lighting system for a greenhouse or polytunnel grow operation. With global market growth in vertical farming predicted to reach 24% per annum over the next three years, the opportunities for IGS are substantial, with over 95% of its sales expected to be exported either directly or through regional channel partners. Kerry Sharp, director of the Scottish Investment Bank, said: “We are delighted to support the continued development of IGS as it looks to take its technology to the global marketplace. The company has made significant progress over the last 12 months and has assembled an impressive team with a clear focus on taking the IGS offering to an international market.”