$160 Million Funding Round Secured To Expand Operations

August 10, 2021

80 Acres Farms, a vertical farming producer, has secured $160 million in additional funding in a round led by General Atlantic and joined by Siemens Financial Services, the U.S. financing arm of tech company Siemens.

The company intends to use 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. 

Thriving for impact
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." Mike said the investment is a quantum leap for the business to build more farms both nationally and globally. 

"80 Acres Farms is building an incredibly exciting vertical farming business that provides high-quality produce through innovative practices," noted Shaw Joseph, Managing Director of General Atlantic. 

Shaw said that 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. He added, "We look forward to working closely with Mike, Tisha and the broader 80 Acres Farms' team as they scale."

"The new investment positions the company as the leading proven and profitable technology provider prepared for rapid
expansion," said Tisha Livingston, CEO of Infinite Acres, and Co-founder of 80 Acres Farms. "In addition, this enables 80 Acres to focus on their operational expertise and deep research and development capabilities beyond leafy greens."

Combining capital and tech know-how
Jason Thompson, Vice President of Sustainability and Growth Equity at Siemens Financial Services, said, "We are committed to helping scale sustainable vertical farming technology. 80 Acres has demonstrated their ability to build and operate profitable farms."

According to Jason, Siemens is enthusiastic about the opportunity to support its global expansion with both its capital and technical know-how. Including, their recently established Center of Competence dedicated to supporting companies in realizing their digital transformation. 

"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," said Kayode Akinola, Head of Private Equity Directs at Blue Earth Capital. 

New board member
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. He noted, "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 in negative carbon emissions that exist within our food supply chain." 

For more information:
80 Acres Farms
Rebecca Haders, VP Marketing 
rebecca.haders@eafarms.com 
www.80acresfarms.com

Lead Photo: Mike Zelkind and Tisha Livingston

Opening Large Vertical Farming Facilities in Europe

August 9, 2021

Infarm has signed a contract for a new Growing Centre in Bedford which will measure 9,760 sqm in size, offering more than 5500 sqm of growing space in Infarm’s cloud-connected farming units.

Jeremy Byfleet, UK Country Director at Infarm, said: “Infarm has a clear goal to expand in the UK market. Our second UK Growing Centre located in the “golden triangle” allows us to significantly increase the amount of fresh produce grown year-round in the UK. 

When fully equipped, the units - each occupying 25 sqm of ground space and 10 metres in height - are able to produce up to 18 million plants per year and generate the crop equivalent of 360,000 sqm of farmland. The Growing Centre is currently in construction and on track for a first harvest in Q4 of 2021.

Each Infarm Growing Centre can save up to ten million liters of water per year, reducing water consumption by 95% versus traditional agricultural methods. Pentadel, appointed by Infarm to select a site as well as design and manage the construction of the new Growing Centre, has also integrated rainwater harvesting into the design of Infarm's new facility. Implementing rainwater harvesting is expected to capture a further 2.5 million litres of water per year, which will be used for conditioning plants.

Infarm will continue to operate its existing Growing Centre in Edmonton, North London and is currently hiring. “We have already opened up new positions for our locations in London and Bedford and will continue to do so as we expand our Bedford operation,” said Byfleet. To establish this large vertical farming facility, Infarm has partnered with Pentadel Project Management.

The location of the facility enables us to serve 90% of the UK population within four hours, bringing the freshest plants just on time to our clients. Consequently, food mileage is substantially reduced. One of the largest indoor vertical farming facilities in Europe to date is going to deliver millions of plants and provide fresh and locally grown produce to even more consumers via our retail partners, restaurants and online food retailers.”

James Kemp, Managing Director of Pentadel, said: “We are thrilled to be supporting Infarm with the delivery of this innovative facility that we believe represents the future of sustainable, scalable and resilient farming. We are passionate about delivering projects just like this – projects that place the future of people and the planet at their heart – and I know the whole team is proud to play a part in Infarm's revolutionary story.” Pentadel has identified a suitable UK site, negotiated terms and is now designing and managing the construction of the facility.

In the UK, Infarm’s herbs and leafy greens are currently found at Whole Foods Market, Selfridges, Marks & Spencer, Fortnum & Mason and Budgens as well at online retailers Weezy and Farmdrop. The new Growing Centre will join Infarm’s expanding global network of vertical farms that all connect to a central farming brain that gathers data constantly to improve plant yield, taste, and nutritional value, while further reducing the use of natural resources. By the end of 2025, Infarm plans to expand to 100 locations worldwide.

For more information:
Infarm
press@infarm.com
www.infarm.com 

The Basis, A Homogeneous Climate, Is Already There" Artechno Doing New Cultivation Tests In VF Chamber

"Together with another colleague, I am adding green thumbs to the team that is full of technicians here", Rick van Schie laughs. As the son of a tomato grower and next year's fourth-year horticulture student, he  started cultivation research in the industrial hall of Artechno in De Lier. In a AVF+ Junior climate chamber Rick researches irrigation strategies for four different substrates and the effect that far-red light has on the stretching in lettuce.

Previously, the Artechno industrial hall was mainly the place to build complete water management systems for the greenhouse or harvesting lines and turnkey systems for vertical farms and deep-float systems. “The cultivation space with deep-float facility provided insight into growth and also important key figures for the business case. By testing and growing ourselves, we can now also better serve our customers in the vertical farm industry and provide them with better data and growth recipes.”

Rick started growing in the climate chamber in mid-June. "It is often wise for a grower to first do tests in a small chamber and to collect as much information as possible about lighting, climate and irrigation before scaling up to a larger system. That is why we also offer our chambers for rent to growers."

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Cameras and LED
The AVF + Junior with which Rick is currently doing tests is equipped with Philips GEN3 LED luminaires, whereby both the spectrum and the light intensity are adjustable. The chamber is also equipped with special hyper-spectral cameras (and sensors), making it possible to monitor the crop and climate without having to enter the chamber.

Homogeneous climate
Anyone who would enter the chamber will notice, according to Rick, that the climate is remarkably homogeneous. "Or actually you do not notice that much and that is positive. To demonstrate that there really is air circulation, I have hung up an A4 sheet, but you do not notice it."

Art, general director: "The aim was to realize a delta T difference of less than 1 degree Celsius difference in a 10-layer climate chamber of about 8 meters high, and we succeeded."

All this is possible thanks to the air treatment units that were developed by Artechno itself. "You want to exclude as many variables as possible in your research, so a homogeneous climate is essential."

Study 1: irrigation strategies
The first study examines the effect of different irrigation strategies on four different substrates (stone wool, foam plug, glue plug, and soil mix with 10% wood fiber). This should become the basis for other studies with various types of lettuce, Rick says.

Study 2: far-red light
The second research is conducted into the addition of far-red light. Lighting is applied with 180 micromoles for a total of 18 hours and in the last hour, far-red light is added with 10%. There is also a control group (DRB LB) without the addition of far-red light.

"The purpose of the addition of far-red light is to achieve more stretching in the leaves so that the plant makes better use of the growing surface after transplanting. This could possibly also influence the bringing forward of the growth curve."

Germination
Rick is very satisfied with the results of the sowing tests in comparison to the tests carried out in the previous two years. "96-98% germination on the various substrates is a good result, but maybe this might be surpassed by an upcoming germination chamber."

Low input, high output
The results of the tests are assessed, among other things, by measurements of fresh and dry weight, growth percentage, quality, and kilo/m2. "From these results, certain trend lines are emerging, from which the crop growth rate can be calculated. This trend line also gives us insight into the smarter use of the LED light (grams of fresh weight per mole). The ultimate aim is to be consistent with the lowest possible input to achieve the highest output (kilo/m2/year)."

Rick knows that kg/m2/year is an important factor for customers to determine the profitability of their business case. "The results of our tests are used for this, among other things. The results and experiences with certain products we always provide feedback to our suppliers and customers, so that they remain up-to-date."

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Soft fruit
Meanwhile, Rick and Artechno see that, in addition to demand for research for herbs and leafy crops, there is also an increasing demand for soft fruit. "This includes, for example, growing strawberries indoors and testing with the rooting phase in, for example, the propagation of blueberry plants.

We also want to be proactive in this, so we will certainly carry out tests ourselves. For ourselves, but also for growers or suppliers to whom we rent the chambers. In addition, I can mentor them and, in consultation, help to draw up a good research plan, always with a lot of literature as a foundation, so that you are not wasting time doing research that has already been done."

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For more information: 
Artechno
www.artechno.nl
info@artechno.nl

Rick van Schie
rick@artechno.nl

Publication date: Fri 24 Jul 2020
© HortiDaily.com

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