FOODTANK.COM – The Finnish technology startup iFarm recently raised US$4 million to build vertical farms for more customers across Europe and the Middle East. Using these funds, iFarm aims to help entrepreneurs and businesses set up their own urban farms—at any time, in any place.
iFarm, founded in 2017, develops autonomous farming systems to grow greens, berries, and edible flowers indoors. It sells smaller, individual growing modules, as well as vertical farms for larger-scale production.
Most urban farming companies do one of two things: grow and sell their own food or manufacture technology to assist experienced farmers, such as LED lights and robots that can monitor and harvest produce.