Food security, food quality, and resources scarcity are the main challenges the global agri-food system is facing. Indoor vertical farming promises to partially address these challenges by producing locally and efficiently fresh, chemical-free, and nutritious food. New farming systems increase yields, use less land and water, and allow a close quality and safety monitoring.
These promises and the ability of indoor vertical farming to industrialize high-value crop production have created a perfect window of opportunity to disrupt a multi-billion market (just for the U.S. leafy greens market), leading investors to respond favorably by investing large amounts in this industry.
To assess the magnitude of these investments, Agroecology Capital’s report listed publicly available deals in indoor vertical farming between 2010 and 2019, globally. This report narrowed the scope of the analysis to companies that have developed comprehensive growing solutions with a substantial innovation component. Thus, companies with stable technologies (i.e., conventional greenhouses) or that only produce components (i.e., LED lighting) have been excluded from the scope.