Startup Raises Millions for Vertical Green Production

By Torben Salomonsen

June 25, 2021

The production of vegetables in vertical farms is gaining ground all over the globe and in Denmark, indoor agriculture with coastal light has also found a market.

Now the Danish startup Nabo Farm has received DKK 3 million from investors to expand their version of an "urban agriculture" and will open farm number two in the capital, rather on Amager, it says in a press release.

Since 2018, Nabo Farm has had production of green from a disused car workshop in northwestern Copenhagen, but will now expand with another farm, which will simply be the first in a series of several, according to the founders Sebastian Dragelykke and Jens Juul Krogshede.

"For us as a start-up company, it is a great thing that we have succeeded in raising such a significant amount, because it means that we can now focus on scaling the Neighbor Farm concept further by opening another farm. At the same time, The investment from Danban and Vækstfonden also means that we can, at a societal level, help to spread the knowledge of sustainable food production," says Sebastian Dragelykke.

The 3 mio. As mentioned, this comes from the business angel network DanBan and Vækstfonden, and Nabo Farm currently sells green on a subscription to a clientele that includes canteens, catering companies and restaurants such as Compass Group, Aamanns, Meyers and Alchemist.

The goal of the company is to attract "more and larger investors" to fold the ambitions to produce even more food via LED lamps and a self-developed automatic irrigation system.

Lead Photo: The company Nabo Farm has raised capital to build a new indoor green production in Copenhagen.