Russia-based iFarm secures $1 million to take its urban farming solutions to the next level

Funding Rounds

Summary

The iFarm Project’s fully automated vertical farms and year-round greenhouses enable fresh produce to be grown directly in the city, close to consumers. Rather than integrating existing products, iFarm has developed their own multi-layered horizontal shelf system alongside a digital database of parameters to enable a fully automated microclimate. The iFarm system currently offers cultivation solutions for many different types of produce, among them basil, arugula, spinach, cilantro and strawberries. A cloud-based management system optimizes conditions for each farm, letting crops grow successfully in any type of available space, including basements, building roofs or spare rooms. He previously co-founded Alawar, one of the country’s largest game development companies, and Welltory, an app used worldwide that allows users to monitor stress levels.

$ Funding

$
Amount $4.0M Total raised
Date February 12, 2019 Announcement date
Investors IMI.VC, Techcrunch, Gagarin Capital Partners, Impulse VC Lead investors
Company http://ifarmproject.com Funded company

Classifications

industries
Entertainment
applications
Anti Piracy

AskAI Classifications

Labels
Video Game Development Video Game Publishing Software Development

Linked Companies

Alawar
$1M to $5M