Future Crops Announces New Investment Round, Led by Tencent

March 16, 2022 Future Crops

Future Crops announces a new investment round led by Tencent to accelerate growth. Future Crops is shaping the future of agriculture and our food system, making it more safe, resilient, and efficient.

Driscoll’s and Plenty Commit to Build Their First Commercial Strawberry Indoor Vertical Farm

March 15, 2022 Driscoll’s

One year after announcing their joint research and development work to grow strawberries indoors, Driscoll’s and Plenty Unlimited Inc., are expanding their relationship to build a new indoor vertical farm dedicated exclusively to strawberries.

Kalera Completes Phase One of Singapore’s First Vertical Mega-Farm

March 2, 2022 Kalera

Kalera, a leader in sustainable indoor vertical farming, has finalized phase one of construction at the Changi Logistics Centre with the completion of the core structure for the fully automated farm. The multi-layer vertical farm will allow crops to grow throughout the year in any climate, in a controlled environment that mitigates risk of pathogens and maximizes taste and texture appeal.

Kalera to Go Public on NASDAQ through Merger with Agrico Acquisition Corp.

February 11, 2022 Kalera

Another vertical farming operation revealed its plans to hit Nasdaq by way of SPAC. This week, Florida-based Kalera announced plans to merge with Agrico Acquisition Corp. in a deal that values the agtech firm at $375 million. The move comes as plenty of excitement swirls around the category, though Kalera, which currently lists on the Euronext Growth Oslo exchange, has seen a notable stock price drop over the last year.

Walmart and Plenty Partner to Lead the Future of Fresh Produce

February 4, 2022 Walmart

Walmart and Plenty Unlimited Inc. announced Walmart signed an agreement to invest in Plenty, an indoor vertical farming company, as part of their $400M Series E funding round subject to a regulatory approval. Walmart’s equity investment is part of a broader strategic partnership to utilize Plenty’s indoor vertical farming technology platform to deliver fresh produce to Walmart retail stores. As part of the investment, at closing, Walmart will also join Plenty’s Board of Directors.