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From winning the Food & Agriculture battle at the Get in the Ring Global Finals 2021 to raising £21 million in Series A funding nine months later, Vertical Future seem to have all the momentum on their side as they actualize their vision for fully automated vertical farming.
On January 17, Vertical Future’s founder and CEO, Jamie Burrows announced their latest cap raise – £21 million funding round, thought to be the largest Series A equity raise to date within the EU vertical farming space. With this fundraising, Vertical Future are valued at upwards of £100 million.
This funding round was supported by a number of family offices and investors, from the UK, EU, and US, including Pula Investments Limited (Guernsey), and UK environmentalist Gregory Nasmyth. SFC Capital, the leading UK EIS fund and their second-largest shareholder, also supported with the raise, following their £4.1m investment in late 2019.
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Founded in 2016 by Jamie and Marie-Alexandrine Burrows, Vertical Future is empowering consumers and businesses to grow produce in a more sustainable manner – closer to the point of consumption and with a lower environmental footprint. Ultimately, the Agritech startup tackles food-related inequalities and improves general population health on a global scale through their advanced farming solutions.
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Dive Deeper:
Full story of Vertical Future’s investment, as reported by The Times
Watch the Global Final 2021 Battle between Vertical Future and LOOP Mission
Our article on Vertical Future in the build-up to the Global Final 2021