Future Crops Raises New Funding Round
Summary
The company intends to use the funds to expand its capacities to meet demand, continue to increase its R&D capabilities and develop proprietary technology. Led by CEO Gary Grinspan, Future Crops has established a fully automated indoor vertical farm in Westland, Netherlands. The platform can grow a comprehensive range of herbs and leafy greens all year long, without pesticides or biological substances, and in climate-protected conditions. Future Crops maintains a strategic partnership with Israel’s Agricultural Research Organization (ARO) and closely collaborates with Wageningen University. Future Crops had already raised over $30 million in seed funding from a private equity arm run by the Lerman Family, leaders in the American steel industry to finance the construction of the facility and to build their team of experts.