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Soil-Free Vertical Farming Firm Raises £21million in Funds

by Tom Townsend

Soil-Free Vertical Farming Firm Raises £21million in Funds

by Tom Townsend

Published 02-09-22

Submitted by Acre

Vertical Farm

London-based vertical farming technology company, which enables companies to grow sustainable produce in urban areas, without using soil has raised £21m to accelerate the company to produce affordable, higher quality produce.

Vertical Future, the brainchild of former Ernst & Young life sciences consultant Jamie Burrows and his Ph.D. health economist wife Marie-Alexandrine Burrows, has reached the Series A round, hailed the largest to ever reach European shores in the controlled environment agriculture space.

Series A is the name given to a company's first significant round of financing and funding. This round included Pula Investments, environmentalist Gregory Nasmyth, Nickleby Capital (representing various ultra-high net worth family offices), Dyfan Investment and other undisclosed investors. SFC Capital, the company’s second-largest shareholder also took part in the round.

Alongside the money they had already raised, the new funding will be used in several ways; to drive the deployment of the farms, to integrate specific manufacturing capabilities and to expand the team to a headcount of more than 60 by the end of June this year.

Jamie Burrows, CEO, said: “Unlike others in the vertical farming sector whose technologies and ambitions are restricted to growing only premium-priced salad and microgreens for a premium domestic and restaurant market, we are aiming to feed everyday working families with fairly-priced, higher-quality produce.

“This is achieved through a combination of technology, scale and data insights.”

With a series of projects in the UK, Ireland, Italy and Singapore, the company aims to further accelerate growth and is already in talks with several major UK retail and logistics brands.

It has a research and development programme with the University of Cambridge, Loughborough University and NIAB (National Institute of Agricultural Botany) which looks at various research including maximising yield, nutritional profile of vertically and exploration into phytopharmaceuticals (herbal medicines).

Tom Townsend, Principal Consultant at Acre said: “It is exciting to see innovative, scalable solutions to the food challenges the world faces. However, without significant improvements in more traditional areas of agriculture, we will not deliver food security for the world’s most vulnerable citizens, nor the reduction in emissions needed to meet our climate ambitions."

To discuss upcoming opportunities, please reach out to Tom via tom.townsend@acre.com

​Tom focuses on mid-senior level Corporate Responsibility & Sustainability appointments across Europe. Previously, Tom focused on senior appointments within Procurement & Supply Chain, with a particular expertise in Consumer Goods across the DACH markets Tom joined Acre to continue the company’s international growth. He holds a first-class degree in Mathematics.

About Acre
At Acre, we work with the most aspirational businesses with potential to make real change; from those who are just starting out to those who are well on the journey to crafting a legacy.

Our 18 years' experience in sustainability recruitment, combined with our extensive global network, enables us to provide talent solutions that are designed to deliver this change.

Through our unique behavioural assessment technology, we understand the types of people, skills and behaviours required to create impact. We can develop these qualities within your existing teams too.

We find talented people and develop their skills to ensure they make a true impact in ambitious, progressive organisations.

Acre. Making companies ready for tomorrow.

Acre logo

Acre

Acre

​About Acre

At Acre, we work with the most aspirational businesses with potential to make real change; from those who are just starting out to those who are well on the journey to crafting a legacy.

Our 18 years' experience in sustainability recruitment, combined with our extensive global network, enables us to provide talent solutions that are designed to deliver this change.

Through our unique behavioural assessment technology, we understand the types of people, skills and behaviours required to create impact. We can develop these qualities within your existing teams too.

We find talented people and develop their skills to ensure they make a true impact in ambitious, progressive organisations.

Acre. Making companies ready for tomorrow.

 

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