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80 Acres Farms Secures $160 Million In Series B Led by General Atlantic To Accelerate Global Farm Expansion & Product Development
80 Acres Farms' vertical farm systems grow the widest variety of produce commercially sold at scale by any vertical farm to-date, including leafy greens, herbs, tomatoes, cucumbers, and microgreens
August 9, 2021
HAMILTON, OH / ACCESSWIRE / 80 Acres Farms, the industry-leading vertical farming company, has secured $160 million in additional funding in a round led by General Atlantic and joined by Siemens Financial Services, Inc. (the U.S. financing arm of global technology company Siemens). The company intends to utilize the capital for continued expansion and product development, building from its current footprint of vertical farms that yield a diverse offering of high-quality produce.
The funding round also included Blue Earth (formerly PG Impact Investments) and General Atlantic's Beyond Net Zero team, in addition to participation from existing investors including Barclays and Taurus.
80 Acres Farms' vertical farm systems grow the widest variety of produce commercially sold at scale by any vertical farm to-date, including leafy greens, herbs, tomatoes, cucumbers, and microgreens. The company's breakthrough growing technologies and advanced data analytics capabilities have enabled this industry-leading product breadth, driving over 450% revenue growth since the end of 2020. 80 Acres Farms now services over 600 retail and food service locations, including its recent expansion with Kroger, announced earlier this year to 316 stores in the U.S. Midwest and to the e-commerce channel powered by Kroger - Ocado Solutions' partnership. With farms co-located near customers, 80 Acres Farms' produce travels significantly fewer food miles, shortening the farm-to-table footprint and reducing overall food waste. Growing methods at 80 Acres Farms use 97% less water than traditional farming practices and are powered by renewable energy.
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To date, 80 Acres Farms operates eight indoor farms and is committed to supporting and building high-tech production facilities close to regions where fresh produce is consumed. The company has transformed a former factory in Hamilton, Ohio, to a world-class tomato indoor farm, and in 2020, 80 Acres Farms completed construction on a new, 64,000-square-foot, state-of-the art farm with 10 levels of cultivating space. 80 Acres Farms is currently engaged in identifying new farm locations for additional commercial farms to operate at similar scale.
Shaw Joseph, Managing Director of General Atlantic, said: "80 Acres Farms is building an incredibly exciting vertical farming business that provides high-quality produce through innovative practices. With global food consumption increasing and growing threats impacting supply chains and food security, there is a pressing need for healthy, fresh and local foods that are grown in more sustainable and cost-effective ways. We look forward to working closely with Mike, Tisha and the broader 80 Acres Farms' team as they scale."
Jason Thompson, Vice President of Sustainability and Growth Equity at Siemens Financial Services, said, "We are committed to help scale sustainable vertical farming technology. 80 Acres has demonstrated their ability to build and operate profitable farms, and Siemens is enthusiastic about the opportunity to support its global expansion with both our capital and technical know-how, including our recently established Center of Competence dedicated to supporting companies in realizing their digital transformation."
Kayode Akinola, Head of Private Equity Directs at Blue Earth Capital, said, "We are excited to be partnering with General Atlantic and Siemens to provide growth capital and support to Mike, Tisha and the entire 80 Acres team to help scale their operations within existing and new markets."
Mike Zelkind, CEO of 80 Acres Farms, said: "We are proud of what our team has been able to accomplish and enthusiastic about the road ahead. We are also honored to be supported by such a high caliber group of strategic investors who are enabling us to continue to lead this evolving and fast-growing industry. The investment is a quantum leap for the business to build more farms both nationally and globally.
Tisha Livingston, CEO of Infinite Acres, and Co-founder of 80 Acres Farms, said: "The new investment positions the company as the leading proven and profitable technology provider prepared for rapid expansion. In addition, this enables 80 Acres to focus on their operational expertise and deep research and development capabilities beyond leafy greens."
As part of this funding round, Shaw Joseph will join the 80 Acres Farms board. Eli Aheto, former 80 Acres Farms board member, led BeyondNetZero's contributions to this round. "I am pleased to be able to continue and grow my support of 80 Acres with this contribution from the BeyondNetZero team. 80 Acres has proven a farm design that is poised to reduce food miles, food waste and the resulting negative carbon emissions that exist within our food supply chain," said Eli Aheto.
Barclays acted as sole placement agent to 80 Acres on the capital raise.
About 80 Acres Farms
80 Acres Farms is a vertical farming leader providing customers with the freshest, and most nutritious fruits and vegetables at affordable prices. Utilizing world-class technology and analytics, the Company offers customers a wide variety of pesticide-free food with a longer shelf-life that exceeds the highest standards in food safety. Consumers can find 80 Acres' products of just-picked salads, tomatoes, cucumbers, herbs, and microgreens at Kroger, Whole Foods, The Fresh Market, Dorothy Lane Markets, Jungle Jim's Markets, and key National Foodservice Distributors including Sysco and US Foods.
Media Contact
Rebecca Haders / rebecca.haders@eafarms.com / +1 513-910-9089
About General Atlantic
General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $65 billion in assets under management and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com
General Atlantic also recently formed its BeyondNetZero (BnZ) team to seek out growth companies delivering innovative climate solutions. BnZ looks to identify entrepreneurs with technologies that enable companies to meet and exceed Net Zero emissions targets, with a focus on de-carbonization, energy efficiency, resource conservation and emissions management.
Media Contacts
Mary Armstrong & Emily Japlon / General Atlantic media@generalatlantic.com
Faustine Rohr-Lacoste / Spendesk faustine@spendesk.com
About Siemens Financial Services
Siemens Financial Services (SFS) - the financing arm of Siemens - provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps customers access new technologies. SFS supports investments with equipment and technology financing and leasing, corporate lending, equity investments and project and structured financing. Trade and receivable financing solutions complete the SFS portfolio. With an international network, SFS is well adapted to country-specific legal requirements and able to provide financial solutions globally. Within Siemens, SFS is an expert adviser for financial risks. Siemens Financial Services has its global headquarters in Munich, Germany, and has around 2,800 employees worldwide. www.siemens.com/finance.
About Blue Earth Capital
Blue Earth Capital is a global investment firm focused on sustainability and impact investing. Headquartered in Zug, Switzerland, with operations in New York, London, Singapore, Luxembourg and Guernsey, Blue Earth Capital seeks to invest in businesses that address pressing environmental and social challenges, whilst generating market-rate financial returns. Initiated in 2015 by Urs Wietlisbach, one of the founders of Partners Group, and backed by the Wietlisbach Foundation, Blue Earth Capital was incubated and built up with the support of Partners Group.
Media Contacts
Urs Baumann / CEO Blue Earth Capital urs.baumann@blueearth.capital
80 Acres CEO Reflects on Vertical Farming Post $160m Raise: ‘There Will Be Losers With Very Big Names’
For Mike Zelkind, CEO at Ohio-based vertical ag operation 80 Acres Farms, not everyone will make it to the finish line.
By Lauren Manning
August 11, 2021
The indoor farming sector is dazzling investors and attracting its fair share of nine-figure deals. But as the space grows more crowded and competitive, questions are sprouting up regarding market saturation, the right business models, and whether indoor mega-farms like the one Minnesota’s Revol Greens is planning are the way to go.
For Mike Zelkind, CEO at Ohio-based vertical ag operation 80 Acres Farms, not everyone will make it to the finish line.
“This is the way the market works. There will be winners and losers and there will be losers with very big names,” he tells AFN.
“But the world needs this and even the losers [will have been] very well-intentioned. My heart will go out to everyone who does not win because I know they fought the good fight.”
80 Acres just announced the close of a $160 million Series B round led by US growth equity firm General Atlantic.
Other investors in the round included Siemens Financial Services — the US financing arm of German tech giant Siemens — as well as Barclays, Blue Earth, Taurus Investment Holdings, and General Atlantic’s impact-focused BeyondNetZero team.
Although Zelkind views the indoor farming space as big enough for many players to do well, he thinks some recent valuations are exaggerated.
In his opinion, 80 Acres sets itself apart through its partnerships, like its joint venture with e-grocer Ocado and tech provider Priva. The trio formed the venture, Infinite Acres, in 2019 to help growers enter the tech-enabled indoor farming space.
Staying close to the consumer
80 Acres takes a decentralized approach to getting its produce on consumers’ tables, building its farms close to areas where its customers are located. The startup runs eight farms, and sells its products in around 600 retail and foodservice locations. Without sharing specific figures, it claims to have posted 450% growth in revenue since the end of last year.
Building close to its customer base has also been a foundational aspect of 80 Acres’ business model, Zelkind suggests.
“I don’t think there are any other farming operations today that have built a farm as close to the distribution center of their customer,” he says. “Just getting a little closer to the customer is not good enough.”
Zelkind claims that 80 Acres had a lot of options when it came to choosing investors for its Series B round but that funders with strategic angles were the winning choice. General Atlantic focuses on world-changing technologies, including foodtech, while Siemens can assist with continued industrialization of the startup’s capabilities, he adds.
80 Acres will use the new funding to expand its footprint while supporting product development. Based on his own observations of rival startups’ activities and claims, Zelkind argues that his company offers the widest variety of produce in the vertical farming industry, selling leafy greens, herbs, tomatoes, cucumbers, and microgreens, among others.
“I’m not aware of anybody even making a claim that they are commercially growing these items, and we’ve had the product in the marketplace for the last four years,” he says. “It’s not a claim – it’s a fact.”
Lead Photo: Mike Zelkind, CEO, 80 Acres Farms. Photo credit: 80 Acres Farms Facebook page.
Vertical Farming To Shape Food's Future Top Companies To Share Expertise At Online Congress - September 22-24, 2020
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers, and customers. Its theme will be ‘Shaping Food’s Future
The first Vertical Farming World Congress will be held online from 22nd to 24th September, bringing together the sector’s top minds and businesses, who believe the coronavirus pandemic will accelerate the industry’s inevitable growth. With the theme ‘Shaping Food’s Future’, the event is sponsored by LED lighting solutions provider Heilux.
“This is a unique opportunity for interested investors, agriculturalists, food producers, suppliers, academics and governments,” commented Richard Hall, Chairman of event organizer Zenith Global, the food and drink experts. “There may never be a better time, because the industry is rapidly establishing itself and an online event gives a ringside seat more affordably, along with all kinds of extra features.
“In addition to the most authoritative speakers ever assembled on the sector, there will be virtual farm tours, round tables on key issues, and extensive social as well as one-to-one networking. There will be ongoing access afterwards to review presentations and continue making new connections.
“It will be difficult to beat the caliber and geographic spread of our speakers:
Our industry leadership panel has the founders and chief executives of AeroFarms and 80 Acres Farms from the United States plus Intelligent Growth Solutions and Jones Food Company from the United Kingdom.
On sustainability, we have the World Wildlife Fund; on retailing, we have Migros from Switzerland.
Investors are represented by AgFunder, Ashfords, Innovate UK, and Virgo.
Other leading contributors range from the global Association of Vertical Farming to Wageningen University.
Other talks include a view of the city of the future, a nutrition briefing, and debate about the relative merit of aeroponics, aquaponics, and hydroponics.
A technology briefing will look in-depth at operational choices, plant growth, lighting, and robotics.
Innovator case studies include growing underground, modular aeroponics, shipping containers, and success in Taiwan.”
Media partners include AgFunder, Agritecture, AOA Chile, Association of Vertical Farming, Eatable Adventures, Farm Tech Society, FoodBev Media, Hortidaily, iGrow, Japan Plant Factory Association, NextGenChef, Urban Ag News, Vertical Farming Consulting, and Vertical Farming Podcast. Full program and booking details are available at zenithglobal.com/events. There is a specially discounted rate for start-ups.
Media partners include AgFunder, Agritecture, AOA Chile, Association of Vertical Farming, Eatable Adventures, Farm Tech Society, FoodBev Media, Hortidaily, iGrow News, Japan Plant Factory Association, NextGenChef, Urban Ag News, Vertical Farming Consulting, and Vertical Farming Podcast.
Full program and booking details are available at zenithglobal.com/events.
There is a specially discounted rate for start-ups.
For further information, go to www.zenithglobal.com/events or contact events@zenithglobal.com.
Four Storeys Up, A Commercial Vegetable Garden Thrives In A Converted Sears Warehouse
Growing food on roofs represents the future of farming, especially in these pandemic times, says Mohamed Hage, Lufa’s chief executive officer, who co-founded the company with his wife, Lauren Rathmell
DAVID ISRAELS
SPECIAL TO THE GLOBE AND MAIL
SEPTEMBER 1, 2020
The Lufa greenhouse sits atop a former Sears warehouse in Montreal's St-Laurent neighbourhood.
CHRISTINNE MUSCHI/THE GLOBE AND MAIL
In the industrial part of Montreal’s St-Laurent area, it can be hard to distinguish the bulky buildings from one another, except for one – the roof sticks out like a green thumb.
It’s a great glass greenhouse roof atop a former Sears warehouse – a giant vegetable garden, said by its creators to be the world’s biggest commercial rooftop greenhouse.
The 163,000-square-foot garden, which opened last week, is the equivalent of nearly three football fields worth of food. To date, it is the fourth and biggest commercial facility for Montreal-based Lufa Farms.
Lufa is already well known among local “Lufavores” – foodies, restaurants, and alterna-living people in the Montreal area, who value its fresh tomatoes, eggplants, and vegetables, as well as the produce it gathers from local farmers.
Growing food on roofs represents the future of farming, especially in these pandemic times, says Mohamed Hage, Lufa’s chief executive officer, who co-founded the company with his wife, Lauren Rathmell.“
When we looked at how to grow where people live, we realized that there was only one option – rooftops. It’s not sustainable to always be trucking food in from across the continent or shipping from all over the world,” Mr. Hage says.
The new building was planned and construction began well before COVID-19 hit the world, but it offers a strong response to the pandemic, he explains.“
In March 2020, we saw a doubling of demand for our food. Growing food locally on rooftops and sourcing from local farming families allows us to swiftly adjust and respond to this demand,” he says.
An employee works inside the Lufa greenhouse. | HANDOUT
Co-founder Ms. Rathmell, who is also Lufa’s greenhouse director, says it took three months to build the St-Laurent facility and grow the site.“That would normally have taken years,” she says.
“In response to COVID-19, we enacted stringent safety protocols early on, launched seven-day service, tripled our home-delivery capacity, and launched new software tools,” she says. The company also brought in more than 200 new team members, 35 new local farmers and food makers, and 30,000 new Lufavores customers.
Lufa’s new staff includes two full-time nurses to take workers’ temperatures as well as “social-distancing police” to walk around and make sure workers aren’t too close to one another, Mr. Hage says. The company has also boosted the frequency of its air exchange in all of its facilities, including the new one.
Designing and building a rooftop greenhouse is challenging, Mr. Hage says. Although some of the preparation required is not much different than getting any equipment onto a roof, some of the prep work up there is more complicated, he says.“
We have to meet national building codes, and of course, everything for the greenhouse needs to be hauled up to the roof on a crane,” he says. “Yet once it’s there, you have to do a lot of stuff manually rather than mechanically. All of this is harder than it would be to do on the ground.”
It’s also expensive. “This greenhouse costs two times as much as a ground-based greenhouse,” he says. Lufa declines to give out the cost of this latest project but says the first of its four facilities, built 10 years ago, cost $2.2-million.
Using buildings for farming is catching on, says Mike Zelkind, co-founder of 80 Acres Farms in Cincinnati, Ohio, which also operates building-based facilities in Arkansas, North Carolina, and New York.
“A field can be the least efficient place to grow food,” he says. “An indoor farm can produce more than 300 times more food, with 100-per-cent renewable energy and 97 percent less water. That’s the beauty of growing in buildings.
Montreal-area foodies value Lufa's fresh tomatoes, eggplants and various other vegetables. HANDOUT
”Similarly, in Poughkeepsie, N.Y., up the Hudson River from New York City, restaurateur, food-truck owner, and chef John Lekic pivoted as the COVID-19 lockdowns spread to launch an indoor farming business called Farmers & Chefs.“
“We use technology from an Israeli company called Vertical Field that was being showcased at the Culinary Institute of America, which is nearby,” he says. The Israeli company supplies all the materials to grow some 200 different crops on roofs and in parking lots with minimal experience required.“
We planted and installed a container in March and our first harvest was in April, Mr. Lekic says. “We’re learning fast, but it’s an easy way to grow herbs and produce.”
”Mr. Hage agrees, adding that “rooftops are superior places for an urban farm.”
“When we started [in 2009], we considered leasing parking lots for growing, but no one wanted to give them up,” he recalls. “But for most commercial building owners, rooftops are unloved – they leak, they have to be maintained and, in a cold climate like ours, you have to clean off the snow. A commercial rooftop greenhouse is a solution.”
The new St-Laurent project gives Lufa a total of about 300,000 square feet of agricultural production, and the company plans to eventually expand into Southern Ontario and the U.S. northeast.
Mr. Hage points out that a rooftop greenhouse also makes great sense in terms of environmental sustainability and reducing energy and carbon emissions.“
“We don’t use pesticides and our greenhouses use half the energy that a greenhouse at ground level would consume because we use heating from the building that rises up to the roof,” he explains.
“The biggest challenge is not the greenhouse space – who doesn’t want to walk around in a warm sunny greenhouse when it’s 20 below outside? The challenge is maximizing the warehouse space below the greenhouse,” he says.
“We’re growing so many tomatoes that the warehouses never seem to be big enough to store them.”
Urban farming in Canada is still a niche in a nationwide food industry that is primarily export-based, and accounts for 12 percent, or $62.5-billion, of Canada’s total exports every year, says Claire Citeau, executive director of the Canadian Agri-Food Trade Alliance (CAFTA).
But in a post-COVID-19 world, every bit of food production counts, she says. “We continue to see the adoption of science, technology, and innovative ways to feed people and create new economic opportunities at home and abroad.”
And if that’s not enough, just look at the place, Mr. Hage says. “Boy, do I like driving by – it sticks out like a crystal,” he says. “And when you go inside, it’s like being in a spa.”
TOPICS AGRICULTURE CORONAVIRUS GREENHOUSE MONTREAL ORGANIC FOOD
Ocado Boosts Stake In Vertical Farming Specialist Jones Food Co
The online grocery giant bought a 58% stake in Jones Food Co in November 2019 and is understood to have exercised an option in that deal to grow its ownership to approximately 70% of the company
By Alec Mattinson, George Nott
28 August 2020
Ocado Has Upped Its Stake In Vertical Farming Specialist
Jones Food Company To Help
Support The Building of More Farms Next Year
The online grocery giant bought a 58% stake in Jones Food Co in November 2019 and is understood to have exercised an option in that deal to grow its ownership to approximately 70% of the company.
Ocado’s investment will help the indoor produce grower build three more farms in the UK before the end of 2021.
CEO and founder, James Lloyd-Jones told The Grocer: “Their investment is helping us very keenly understand all aspects of the systems we’re building, so we can make sure we’ve got price parity with field and greenhouse-grown, year-round.”
Scunthorpe-based Jones Food Co is Europe’s largest vertical farm operation, with its 5,000 sq m facility stacking up 12 metres high over 17 layers of produce.
Ocado invested in the company as part of a wider £17m bet on vertical farming that also saw it form a joint venture Netherlands-based Priva and US-based 80 Acres called Infinite Acres.
Ocado does not currently list products from its vertical farm operations on its site but hopes to build vertical farms next to or within its CFCs and Ocado Zoom micro fulfillment centres and has mooted plans to open as many as 10 within five years.
The farm’s first crop was harvested in November 2018 and was sold to food-to-go specialist Greencore.
“We want to provide any sort of crop, grown at a value anyone can buy,” Lloyd-Jones said. “I want vertical farming to become boring and not exciting and techy because the minute it’s boring we’ve cracked it.”
Topics: Finance Mergers & acquisitions Ocado Technology
The Museum Is Closed, But Its Tomato Man Soldiers On
David Litvin, an indoor crop specialist, tends the plants in a temporarily shuttered exhibition, “Countryside, The Future.” He moved to New York from Tel Aviv in February, along with his wife, Stefanie, and their Dutch shepherd, Ester, with a plan to stay six months harvesting the Guggenheim tomatoes.
Although the Guggenheim’s “Countryside”
Show Was Shuttered by The Pandemic,
its Crop of Cherry Tomatoes is Still Growing and Feeding New Yorkers.
David Litvin checks the tomatoes growing outside the Guggenheim Museum, where he is one of the few people who show up each day for work. Credit...Jeenah Moon for The New York Times
By Elizabeth A. Harris / May 17, 2020
The halls of the Guggenheim Museum are pretty quiet these days, with mostly just its ghosts and some security guards as company for the art.
Oh, and there’s the guy who takes care of the tomatoes.
David Litvin, an indoor crop specialist, tends the plants in a temporarily shuttered exhibition, “Countryside, The Future.” He moved to New York from Tel Aviv in February, along with his wife, Stefanie, and their Dutch shepherd, Ester, with a plan to stay six months harvesting the Guggenheim tomatoes. He was going to see the city, too.
“I went out once to a comedy bar, but that’s it,” he said.
The museum has been closed since March 13, but Mr. Litvin still walks across Central Park every day around noon from his rental on the Upper West Side to tend to his flock. “When you grow tomatoes on Fifth Avenue, you want to have the perfect tomatoes, there’s no room to mess up,” he said. “If I have ugly plants, I’ll hear it from the neighbors.”
In the evening, the light from the exhibit casts an alien glow onto Fifth Avenue.Credit...Jeenah Moon for The New York Times
These days, you can’t visit the mummies at the Metropolitan Museum of Art or soak in “The Starry Night” at the Museum of Modern Art. But you can still stand in front of the Guggenheim and get a good look at a thicket of cherry tomato vines and a really big tractor.
The tomatoes, housed in what looks like a radioactive shipping container on the sidewalk, were on view as part of the exhibition for just three weeks before the city folded in on itself. But they’re still growing, their vines snipped every Tuesday and donated to City Harvest, at least a hundred pounds at a time.
“This tomato-growing module couldn’t just be turned off with the lights,” said the Guggenheim curator Troy Conrad Therrien, who organized the exhibition with the architect Rem Koolhaas, and Samir Bantal of AMO, the research arm of Mr. Koolhaas’s firm. “We brought the exhibition to the street, and the street is still accessible.”
The tractor is a top-of-the-line Deutz-Fahr 9340 TTV Warrior. It has a computer in the cab, can lift more than 26,000 pounds, and looks completely out of place on the Upper East Side. But the tomatoes look nice there. The shed’s color matches the Guggenheim’s bone-white facade, and neat rows of vines — along with Mr. Litvin, when he’s there — are visible through a plate-glass window, bathed in a neon pink light that spills onto the sidewalk after sunset.
Left Image: Brioso tomatoes are the variety growing at the Guggenheim.Credit...Jeenah Moon for The New York Times
Right Image: A high-tech tractor, parked on the sidewalk, is part of the exhibition “Countryside, The Future.”Credit...Jeenah Moon for The New York Times
Vertical Farming Congress Makes Virtue of Virtual
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers, and customers. Its theme will be ‘Shaping Food’s Future.’
By urbanagnews
July 30, 2020
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers and customers. Its theme will be ‘Shaping Food’s Future.’
“We already had top speakers confirmed from around the world including North America, the Middle East and Asia as well as Europe,” commented Richard Hall, Chairman of the food and drink experts Zenith Global and the event’s organiser.
“Now, instead of one vertical farm tour, we plan to offer a selection. Beyond chance encounters, it will be possible to contact other delegates and set up meetings beforehand. Questions can also be tabled in advance and sessions will be recorded for later review. Regional welcome receptions will enable introductions to other delegates from the same geographic area.
“When you add the advantages of extra people being able to attend because of no travel, time being used more flexibly and costs being substantially lower, we believe we can deliver even greater value,” Richard Hall added. “I hope attendees will be surprised how virtual can be made to feel real.”
Full programme and booking details are available at www.zenithglobal.com/events. Topics include: market opportunity; an industry leadership panel; strategic alternatives between aeroponic, aquaponic and hydroponic systems; technology briefings ranging from lighting and robotics to overall system design; a nutrition briefing; a funding panel; and key innovator case studies.
Amongst the speakers are:
• Leading producers such as 80 Acres Farms, Aero Farms, Growing Underground, Intelligent Growth Solutions, Jones Food Company, LettUs Grow, Root AI, Square Roots, The Circle, Uns Farms, Vertical Future and YesHealth
• Association heads and academics from Germany, Japan and the Netherlands
• Investment experts from Ashfords, Innovate UK and S2G Ventures. For further information, go to www.zenithglobal.com/events or contact events@zenithglobal.com
Barclays and Unreasonable Selects 80 Acres Farms To Receive $100,000 Grant in Support of COVID-19 Related Work
Unreasonable Impact COVID-19 Response is a new initiative launched by Barclays and Unreasonable Group awarding $100,000 grants each to ten Unreasonable ventures that have pivoted their businesses to combat challenges related to COVID1
Barclays and Unreasonable Group launch $1,000,000 fund for entrepreneurial solutions addressing challenges resulting from the global pandemic
July 8, 2020 – LONDON – 80 Acres Farms has been awarded a $100,000 grant in recognition of the exceptional work being undertaken in addressing the immediate and long-term challenges resulting from the effects of the global pandemic.ar
Unreasonable Impact COVID-19 Response is a new initiative launched by Barclays and Unreasonable Group awarding $100,000 grants each to ten Unreasonable ventures that have pivoted their businesses to combat challenges related to COVID19.
The grant is designed to support and amplify the impact of the work 80 Acres Farms is doing.
The initiative was launched as a direct response to the outbreak of COVID19 and is an extension of Unreasonable Impact, the unique multi-year partnership between the two companies supporting growth-stage entrepreneurs across the Americas, Europe, and Asia Pacific regions solving many of the world’s most pressing issues.
80 Acres Farms was Chosen by a selection committee for the meaningful work the company has been doing during the COVID-19 pandemic. They bring access to fresh foods to the communities they serve. This grant will further their efforts by deploying mobile markets, “Veggie Vans” to neighborhoods most adversely affected by this pandemic. By growing differently, in a completely controlled environment, 80 Acres Farms can improve the nutritional value of foods, not only getting it to the customer hours after harvest, but also increasing vitamins and minerals, and antioxidants naturally during the growing process.
80 Acres Farms Mike Zelkind will join the nine other recipients at a live virtual event, The Unreasonable Impact COVID19 Response Global Summit, created with Barclays on July 8th where he will have a chance to share his exceptional work with a global audience.
Joe McGrath, Barclays’ Global Head of Banking, commented, “Through Unreasonable Impact, we set out to help entrepreneurs take their businesses to the next level. They are already tackling almost impossible-sounding challenges, so when COVID-19 took hold we weren’t surprised that they would point their talent and drive towards responding to the pandemic. We’re in awe of the speed that they’ve pivoted their businesses and of the positive impact that they’ve already made, so we’re delighted to be able to support them through the Unreasonable Impact COVID-19 Response.”
Daniel Epstein, Founder, and CEO of Unreasonable Group, added, “Unreasonable Impact was co-created with Barclays with a shared intention to support and scale up entrepreneurial solutions to the world's most pressing challenges. The global impact of COVID-19 is unlike any challenge any of us has seen in our lifetimes. Setting up the COVID-Response to support and amplify ventures leveraging business to combat challenges related to the pandemic is a natural extension of our mission. We are humbled to be supporting the exceptional work 80 Acres Farms."
For more information and to register to attend the Global Summit, visit https://unreasonablegroup.com/initiatives/unreasonable-impact/covid-global-summit/
Full list of ventures selected:
1MG Technologies: India’s leading mobile healthcare platform with over 9 million downloads and 33 million monthly visits
80 Acres Farms: Converting urban spaces in ultra-efficient indoor farms that produce accessible, tasty and affordable local food year-round
Airlabs: Transforming polluted cities into clean air zones by removing 95% nitrogen dioxide along with all other pollutants
Day Owl: Turning trash from the poorest neighbourhoods in the world into purpose filled recycled fabrics
Ecoware: Creating 100% biodegradable eco-friendly and compostable certified food packaging and garbage bags
eFishery: Creating the future of aquaculture with an IoT smart feeding technology to help hundreds of millions of farmers at the bottom of the pyramid
Globechain: Creating the world’s largest reuse marketplace that connects corporates to charities and people to redistribute unwanted items
Nanobiosym: Using nanotechnology to empower people worldwide with rapid affordable and portable diagnostic information about their own health
Olio: connecting neighbours and local shops so surplus food and other household items can be shared rather than thrown away
Zero Mass: Making drinking water an ultimate resource with SOURCE, a set of panels that make water from air
About Unreasonable Impact, created with Barclays
Unreasonable Impact is an innovative multi-year multi-geographic partnership between Barclays and Unreasonable Group to launch the world’s first global network focused on scaling up entrepreneurial solutions that will help employ thousands worldwide in the emerging green economy. To date, the more than 100 ventures that comprise the global cohort operate in more than 180 countries, have raised over $2.1bn USD in funding, have generated over $2bn USD in revenue, and have created more than 30,000 net new jobs since joining Unreasonable Impact. For more information, please visit www.unreasonableimpact.com.
About Barclays
Barclays is a British universal bank. The company is diversified by business, by different types of customers and clients, and by geography. Barclays’ businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by their service company which provides technology, operations and functional services across the Group.
For further information about Barclays, please visit www.home.barclays.
About Unreasonable Group
Bringing together a global network of entrepreneurs, investors, creatives, and business leaders, Unreasonable acts as a catalytic platform for entrepreneurs tackling some of the world’s most pressing challenges facing us today. From designing highly curated immersive programmes, facilitating access to a global network of mentors to operating a private equity fund, and providing advanced storytelling and media activities, Unreasonable operates at the highest intersection of business and impact. It is uniquely positioned to support growth-stage entrepreneurs solving key global environment and social challenges to scale up through the deployment of knowledge, networks and capital.
For more information about Unreasonable, please visit www.unreasonablegroup.com.
Media Contact
Rebecca Haders
+01 513.910.9089
JPFA Webinar June 30 - The Challenges And Impact of COVID-19
The Japan Plant Factory Association (JPFA) is organizing its 138th online workshop. The workshop is free of charge
Japan Plant Factory Association / JPFA
Japan Plant Factory Association (JPFA) is a non-profit organization founded in 2010 and is devoted to academic and business advancements in the global industry of plant factory/controlled environment agriculture. Our mission is to develop and disseminate sustainable systems that can address global challenges: food, environment, energy, resource and people's health. With international industry-academia collaborations, we manage around 20 R&D projects, workshops, training courses, etc. based in a Chiba University campus in Kashiwanoha, a smart city in Japan.
Monthly workshops are one of our important education/knowledge sharing activities with JPFA members and others. We have been organizing workshops since 2010 on a wide variety of topics, including plant physiology, new technologies towards next generation, cultivation methodology on multiple crops, business case studies of commercial plant factory operations, to name just a few.
The Japan Plant Factory Association (JPFA) is organizing its 138th online workshop. The workshop is free of charge.
Some sessions include the presentation of 80 Acres Farms on tomato production in indoor farms, a survey report on the impact of COVID-19 by JPFA and a lively panel discussion with leading plant factory companies from Japan and China. Such as, 808 Factory, Greenland, Saladbowl, and Future Agro-Tech, all together with researchers on plant factory and indoor breeding from JPFA and Chiba University.
Date
Scheduled to be released on June 30, 2020.
Free viewing will be available from 13:00 (JST) on June 30 to 13:00 (JST) July 15, 2020.
Theme
As the coronavirus disease (COVID-19) creates challenges worldwide, we feel concerted effort is crucial to our sector more than ever before.
The global challenges/impacts of COVID-19 in the sector, the future role, possibilities and direction of plant factory will be discussed to rethink about what we can do together for our future.
Outline
I. Keynote: “beyond leafy greens: tomato crop production in indoor farms” by Mike Zelkind, 80 Acres Farms + Q & A Session
II. “Report on COVID-19 survey by JPFA” Eri Hayashi (JPFA)
III. Panel discussion: “the challenges and impact of COVID-19, future role and direction of Plant Factory”
*Please kindly note that some contents might be only in Japanese.
Panelists:
Bai Baosuo (Future Agro-Tech (Beijing)
Katashi Kai (Shinnippou, 808 Factory)
Susumu Tanaka (Saladbowl)
Toyoki Kozai (JPFA)
Toru Maruo (Chiba University)
Yuhei Shimada (greenLand)
Moderator: Eri Hayashi (JPFA)
Fee Free of charge
How to watch
Advanced registration is required.
Registration deadline: 13:00 (JST) on July 14, 2020
Please register at https://select-type.com/e/?id=n2duYvX-Gas
After the registration, you will receive the link with access to the workshop videos a day before the release. Please apply one by one. If you cannot access the registration website, please send us the email with your "name", "organization", "country" and "questions to the webinar speaker/panelists (optional)" to info.english@npoplantfactory.org
For more information on the workshop:
JPFA Workshop website
https://select-type.com/s/JPFA-Training
https://npoplantfactory.org/information/1499/
If you have not joined the survey yet, please take the survey, Urgent Survey on the Impact of COVID-19 (Vol.1) before the workshop/online viewing starts.
For more information:
Japan Plant Factory Association (JPFA) International Relations & Consulting
Nozomi Hiramatsu, Eri Hayashi
info.english@npoplantfactory.org
Pricey Greens From Indoor Farms Are Thriving In The Covid Era
By Saturday, March 14, even before Mayor Bill de Blasio announced the shutdown of all in-restaurant dining in New York City the next night, Viraj Puri, chief executive officer of the Brooklyn, N.Y.-based indoor urban farming company Gotham Greens
Deena Shanker Bookmark
Published: June 19, 2020, 4:30 PM
Updated: June 20, 2020, 6:35 PM
(Bloomberg Businessweek)