Agricool raises 28M USD to make urban farming a reality

In 2030, 20% of products consumed worldwide will come from urban farming (compared to 5% today). In the past 3 years, Agricool’s teams have developed a technology to grow local, healthy fruits and vegetables more productively and within small and controlled spaces, known as “Cooltainers” (recycled shipping containers transformed into urban farms).

With the announcement of a new funding round of $28 million, in addition to the $13 million previously raised, Agricool pursues its ambition to make excellent, pesticide-free fruits and vegetables accessible to all. Through its innovative concept, the company has paved the way for a new form of urban and technological agriculture, seeking to meet the ever-increasing demand for locally produced food and the expansion of local distribution networks.

Taking the lead in a booming market

In 2030, 20% of products consumed worldwide will come from urban farming (compared to 5% today). In the past 3 years, Agricool’s teams have developed a technology to grow local, healthy fruits and vegetables more productively and within small and controlled spaces, known as “Cooltainers” (recycled shipping containers transformed into urban farms). Thanks to this new funding round, Agricool will be able to confirm its role in the development of this new type of agriculture, while positioning itself as a key player in the segment of vertical farming in France and worldwide. Agricool plans to multiply by a hundred its production by 2021, in Paris first, then internationally starting with Dubai, where a container has already been installed for several months in The Sustainable City.

Photo: Cooltainer installed in Bercy, Paris, France. (credit: Agricool)

Photo: Strawberry grown in Cooltainer (credit: Agricool)

A unique opportunity for the cities of tomorrow

The challenge of urban farming and for Agricool is to to help develop the production of food for a growing urban population who wants to eat quality products, while limiting the ecological impact of its consumption. Agricool strawberries are harvested when perfectly ripe and contain on average 20% more sugar and 30% more vitamin C than supermarket strawberries. The production technique makes for strawberries which require 90% less water to grow compared to traditional agriculture, with zero pesticides, and a transportation distance reduced to only a few kilometers between the place of production and point of sale. «Paris is dreaming of itself as an agricultural city», according to the ambition of the Paris City Council, and many metropolises like London, New York and Singapore share the same approach. Agricool is, now more than ever, armed to support cities in bringing about this change. «We are very excited about the idea of supporting urban farming towards massive development, and it will soon no longer be a luxury to eat exceptional fruits and vegetables in the city», stresses Guillaume Fourdinier, co-founder and CEO of Agricool.

Source: Bpifrance

Comments

No comments to display.

Related posts

ESA's Call for Proposals: Space and Biotechnology

The European Space Agency’s “Space and Biotechnology” opportunity offers support and funding to companies looking to develop biotechnology services that can benefit from using space-based data or capabilities.
Application Deadline in a month

The Shell GameChanger™ Accelerator Powered by NREL Announces First Cohort of Start-Ups

Each participating startup will receive as much as $250,000 in non-dilutive funding to aid in development and demonstration of its technology, with the opportunity for future follow-on funding and beta-testing with a strategic program partner, in addition to access to expertise and laboratory capabilities at both NREL and Shell.

Agroforestry Standards for Regenerative Agriculture

Agroforestry is increasingly being recognized as a holistic food production system that can have numerous significant environmental, economic, and social benefits. This growing recognition is paralleled in the USA by the budding interest in regenerative agriculture and motivation to certify regenerative practices.

Call for applications: The LVMH Innovation Award

The LVMH Innovation Award is an annual celebration of innovation in accordance with the core values of the Group, stimulating creativity and excellence with inventive projects.
Application Deadline in 2 months

U.S. Call for applications: 2019 Stem Cell Research Awards

Win a research award valued up to $15,000 in Biological Industries USA (BI-USA) products and services. Multiple awards available. Application deadline is February 15, 2019 and Winners will be announced by March 31, 2019.
Application Deadline in 2 months

NASA and FAO launch next-generation geospatial tool

Collect Earth Online allows anyone to track land-use and landscape changes anywhere.

EU's Call for Proposals: Responsible sourcing of raw materials in global value chains

Actions should create a global business and stakeholder platform for exchange of information and the promotion of responsible sourcing and responsible business conduct involving a network of key international experts and stakeholders. The aim is to engage governmental and corporate partners from the EU/Associated Countries and third countries in developing a globally acceptable concept of a responsible sourcing in minerals and metals value chains.
Application Deadline in 2 months

The AFRO: First Pan-African Cryptocurrency dedicated to Growth and Development in Africa

Against the backdrop of numerous national currencies affecting trade and growth on the continent, the AFRO provides a reliable, safe and secure solution suited to Africa’s development challenges.

Intel Is Working on an Energy Efficient Bitcoin Mining System

Intel has obtained a bitcoin mining SHA-256 datapath patent that covers a processor and hardware accelerator. The United States Patent and Trademark Office awarded the patent.

EU Call for Proposals: Smart Cities and Communities

The COP21 Paris Agreement recognizes the role of cities and calls on them to rapidly reduce greenhouse gas emissions and adapting to climate change.
Application Deadline in 2 months
2 days ago