Leaps by Bayer, the investment arm of Bayer AG, and Temasek, a global investment company, are forming a new company to innovate the vertical farming space. Unfold will focus on developing new seed varieties while making vertical farming more efficient and sustainable.
“Innovation that offers sustainable solutions for agriculture is one of the 10 areas of engagement and investment that Leaps by Bayer is focused on,” said Jürgen Eckhardt, Head of Leaps by Bayer, which was built to drive fundamental breakthroughs in the fields of health and agriculture through new technologies. “The investment in Unfold is a great example of a transformative, creative approach to developing agricultural products that meet the needs of consumers, farmers, and the planet by increasing access to fresh fruits and vegetables, supporting sustainably grown, hyperlocal production, and addressing food security challenges faced by growing urban populations.”
Unfold has already raised $30 million in an initial funding round and entered into an agreement for certain rights to germplasm from Bayer’s vegetable portfolio.
Related: AppHarvest Raises $150 Million; Greenwise Market to Grow, Sell Hydroponic Lettuce.
from Specialty Food News https://ift.tt/3gY2Wth
No comments: